Charity number: SC033063 THE EXODUN CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
THE EXODUN CHARrrABLE TRUST CONTENTS Page Reference and administrative detsils ol the Charity. its Trustees and advisers Truslees, report Trustees, responsibilities slatemenl Independent audilorfs report on the linancial ststgments Statement of linancial activities 10 Balance Sheet Stalement ol cash flows 12 Notes to the linanGial ststements 13-19
THE EXODUN CHARITABLETRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2Q3 Trustee9 served as a trustee lor the year to 5 April 2023 and until his death in May of that year. The Irusl is greatly indebted lo was established. lor hL8 Invaluab contributDns since his appcinlment wn the Trust Charty registered number SC033063 Prlnclpal off Ice Ind•pondt auditor Anders Anderson & Biovm Audit LLP Kingshill View Prime Four Business Park Kingswells Abèrdeen AB15 8PU Bankers Virgin Money l Queen's Cross Abèrdeen A615 4XU Sollcliors Burness Paull LLP Union PLaza 1 Union Ab2rdeen A810 IDQ Invegtment Advisors Brewin Dolphin 23 Rubislaw Terra Aberdeen A8101XE Page 1
THE EXODUN CHAR ThABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees present their report with the financial statements of the charrty for the year ended 5 April 2023. The Trustees confirm that the Annual report and financial statements ol the charity comply with the current statutory requirements, the requirements ol the chariws governing document and the provisions ol the Statement ol Recommended Practice ISOAPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. OBJECTIVES AND ACHIEVEIAENTS . Strategies lor achieving objectiv•s The Twsl's objects sel out in the Twst Deed are: The promotion of the Christian Faith in Scotland and throughout the wodd in such a manner as the Iruslees shall in their absolLrte discretion delemiine. The alleviation of poverty, suffering, disease and famine throughout the world and provision ol education medical services and facilities and welfare particularly in Third Wodd countries or in other areas of need. Generalty all objects ol a recognised charttable nature. STRUCTURE, GOVERNANACE AND MANAGEMENT . Nature of Governing Docurnent The Exodun Charitable Trust is a recognised charity in Scotland {chanty number: sco333) governed by its Ttusl Deed. b. Recruitment and Appointment of Trustees The powers for appointment and removal ol Trustees are sel out in the charitys Trust Deed. Organisational Siruclur• A board ol Trustees administers the charity. d. Induction and Training ol Trustees Two ol the Trustees were appointed when the Trust was established. The Trustees are kept informed ol changing requirements by the Trusfs auditors who are charity specialists. Guidance is sought from independent advisors where considered necessary. . Induction and Training ol Trustees The Trustees have assessed the major risks to which the charity is exposed. in particular those related lo the operations and linances of the charty. and are satisfied that sy3lems and procedures are in place to manage their exposure lo the major risks. Risks related to the integrity and stability ol the recipient ol grants are minimised by a practice that donees be known to at least one ol the Trustees and that, where larger grants are conlemplaled. the potential donees have been researched or visited by. or on behalf ol, the Trustees to assess them and their work. PLANS FOR THE FUTURE The Trustees intend lo continue to assess projects and, il appropriate. provide financial support. In accordance with the Trustees plan lo distribute the remaining funds and to wind up the Trust within the next year, increased support has been given to appropriate charitable organisations. That intention is reflected in the donations made during the past year. Page 2
THE EXODUN CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2023 ACHIEVEMENTS AND PERFORMANCE In the year to 5 April 2023 income to the Trust lotalled £52,472. The total expend&J on grant payment8 amounted to £2,462.000. During the past year the Trust has made various payments arKI gifts in furtherance of its objeclwes and these are listed al note 4 01 the financial statements. Ongoing support ol the work of organisations invofved in the allevvalion of povety. lamine and suffering in areas ol the developing World remained an imFX)rtant locus for the Trustees. Further significant gifts ol financial support were made to these organisalions. These included Tear Fund which received support lor ils work in addressing poverty worldwide. and Compassion which assists in the provision and maintenance ol child survival programmes and also Inlernational Justice Mission which works lo strengthen justice systems and free people from Irallicking, all of which organisalions have been supported previously. In the UK further gifts were made lo support the work ol the Philo Trust, BIWhswood Care, Lead Academy, and lo Lighthouse Support Cenlre, Aberdeen in implemenlation ol the Trust's objectives ol the spread ol tho Christian faith in Scotland, the UK and the wider world. The Trust supports a wide range of projects and the criteria lor success is sel on an individual basis IOT those projects. The Tnjstees monitor the ellectiveness ol the grants made through regular review ol the grants made in a period of time and the progress of recipient organisalions in achieving their staled objectives. The Trustees continue to monitor the progress ol donee organisalions by contact with those in these organisalions who ar8 known to the Trustees and with whom relationships of trust have been established. Most ol the major gills in th8 current year were given lo donees with whom the Trustees have a well-eslablished relationship and inloimalion about their actNilies and progress. In accordance with the Trustees intention to distribute remaining funds. investments were liquidized during this period and held in Virgin Bank. Page 3
THE EXODUN CHAAITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAFI ENDED S APRIL 2023 FINANCIAL REVIEW The net expendilura b&fore inveslmenl gainsl{k)ssesl lor the year amountod to £2,416,708 (2022 - £1,986,150). The overall resu for the yaar was a decrease in funds of £2,416.70812022 dacreasg 01 £1,877.2911. The pTIr1pal sour of funding during the yearwas bank interest receiv8d. b. Re8etve8 Unreslrlcl] funds al 5 April 2023 [e £1.311,73412022- £3,726,442). Substantial donations have been made to the Trust in previc>us aS bul there is no guarantee ol future large amounts of income. It is the Trustee8' intention to di81ribute the funds now hdd in a prudent, considered and orderfy manner as and when SJJItab future projects are idgntilied. PROVISION OF INFORMATION TO THE AUDrroRS As lar as the Truslees are aware, there is no relevant audit inlomiaiicfft of which charity's auditors are Unaare and we havg taken all Ihe slops that we oughl to have taken as Trusiees In order lo make ourselves aware ol any relevant audit infotmalion and lo establish Ihe charitys auditors are aware ol that information. so lar as that Trustee is avrdre, Ihere is no rean1 audit information of wllch the ¢haritVs auditor is unaware, and that Trusto& has lakan all tho steps that ought lo have begn lakan as a Truslee in ordor to bo awar& of any relevant audit infDmiation and to establish ttrHt the chartys audrtor is awarg ol that inlorrnation. AUDrroRS ATrJerson Anderson & Brown Audil LLP have expressed their will¥)gness io continue In office and a resoluiion proposing their re-appointment wll be submitt&l at the annual general meeting. Approved by order ol '.he members ol the board cl Trustees and signed on their behaff ty- Date- 92 11 JS Page 4
THE EXODUN CHARITABLETRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 21Y23 Th8 Trusieas are responslt4e lor prePang Ihe Twstees. rep)rt and Ihe linarrial siaiemènls in accordance wih applica& law 8J)d United Kingdom Accouniing Standas (Uniled Kingdom Generally Accept9d Accounting PraCte1- The law applicable io chariiies in Scoiiand requires Ihe Trusle8S to piepare financial slalemenls for each Ilnanclal whlch give a inje ancl falr view ol Ihe stsie of affairs ol Ihe Charity and of its incoming resources and application ol resources, including ils IT0e and expendilur8, for thal period. In Pfeparing these linanclal slalemenls. the T[SteeS ar8 required lo- sèleel Suitab 8¢counting policies and then apply Ihem consislenlly. obseNe the methods and principles ol Charities SORP IFRS 102}- maka judgmants and actounling astimatas that ar8 r8asonablg and pwdent- State whether applicable UK Acwunting Standa$ IFRS 102) have been followed, 8ubject to any material departures ctisclosed and explained in the financial statemwls,. prepaTe Iinancial statements on the going concern basis unless it is irwropiiat8 lo presume that the Charity wim continue in busine5S. The Trustees ar& responsible for keeping adequate accountsng Tecords that are sufficient to show and explain the Gharitys Iransaclions and disclose with reasonable auracY at any tirne the financial wsiiion ol the Charity and enable them lo ensure thal the financial statements cornply wtth the Charities and Trustee Inveslment ISGolknd) AGI 2005. the Charities AGGounls (Scollandl Rewlalions 2(t)6 (as amended) arbd the provisions ol the Trust deed. They are also Tesponsible lor safeguardit¥J the assets of the Charity and hence lor taking reasonable 5tep3 for the prevention and detectp)n of fraud aTrJ other [ular((les. Approved by order of the members of the bcard ol Trustees an(J signed on rts behalf ty: Dale.. J? /1 ?3 Page 5
THE EXODUN CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EXODUN CHARrrABLE TRUST Opinion We have audited the linancial statements ol The Exodun Chaiitable Trust Ilhe 'charityl for the year ended 5 April 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of signrficanl accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland. Iuniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and lair view of the stale of the charitls affairs as at 5 April 2023 and of its incoming resources and application ol resources lor the year then ended., have been properfy prepared in accordance with United Kingdom Generalty Accepted Accounting Practice; and have been prepared in accordance the requirements of the Charities and Trustee Investment Iscotlandl Acl 2005 and regulation 8 of the Chartties Accounts IScotland} Regulations 2006. 8asi$ for oplnion We conducted our audit in accordance with Inlemalional Standards on Audrting (UKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in Ihe Auditorfs responsibilities for the audit of the tinancial statements section ol our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have lullilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinM)n. Conclusions relating to going concem In auditing the financial slaternents. we have concluded that the Trustees, use of the going concem basis of accounting in the preparation ol the financial statements is appropriate. Based on the work we have performed. we have n(rt identilied any material uncertainties relating to events or conditions that, individvalty or collectively. may cast significant doubl on the chaiitys ability lo continue as a going concem lor a period ol at leasl twefve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities ol ihe Trustees vthh respect to going concern are described in the relevant sections ol this report. Other information The other infomation comprises the infonnalion included in the Annual report olher than the financial statements and our Audttorfs report thereon. The Trustees are responsible for Ihe other information contained within the Annual report. Our opinion on the financial statements does nol cover the olher information and. except lo the extent otherwise explicitly staled in our report, we do nol express any lomi ol assurance conclusion thereon. Our responsibilty is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained in the course of the audit. or otherwise appears lo be Material misslaled. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstalemenl in the financial statements themselves. 11, based on the work we have performed, we conclude that there is a fflaterial misstatement ol this other infomialion, we are required lo report that lacl. We have nothing to report in this regard. Page 6
THE EXODUN CHARrrABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EXODUN CHARITABLE TRUST (CONTINUED) Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities Accounts Iscotlandl Regulations 2006 las amended) requires us to report to you rf. in our opinion.. the informalion given in the Trustees. report is irKonsislent in any rnalerial respect with Ihe financial statements. or proper accounting records have nol been kept-. or the financial statements are not in agreement wth the accountirig records and retums- or we have not received all the information and explanations we require lor our audit. Re8pon8ibilities of truslees As explained more fully in the Trustees. responsibilities slatemgnl, Ihe Trustees are responsible lor the preparation ol the financial statements which give a true and fair view, and lor such internal control as the Trustees determine is necessary lo enable the preparation of financial slalemenls that are free from material misstatement. whether due lo fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the charilvs ability lo continue as a going concern. disclosing. as applicable. matters related to going concem and using the going concern basis ol accounting unless the Trustees either intend to liquidate the charity or lo cease operations, or have no realistic allernalive bul to do so. Page 7
THE EXODVN CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EXODUN CHARITABLE TRUST (CONTINUED) Auditofs responsibilities for the audil of the linancitil ststements We have been appointed as audttor under section 4411 Ilcl of the Charities and Trustee Investment (Scotlandl Acl 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error. and to issue an Auditoff s report that includes OLJr opinion. Reasonable assurance is a high level of assurance, but is nol a guarantee that an audit condijcted in accordance with ISAS IUKI will afvlays detecl a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material il, individualty or in the aggregate, they could reasonably be expected lo influence the economic decIsnS of users taken on Ihe basis of these linancial statements. Irregularities. including fraud, are instances ol non-compliance wilh laws and regulalions. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of irregularities. including fraud. The exlent to which our procedures are capable ol delecling irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory framewoths within which the company operates, locusing on those laws and regulations that have a direct effect on the delemiination of material amounts and disclosures in the linancial stalemenls. The laws and regulations considered in this context were the Companies Act 2006 and Taxation legislation. We idenlrfied the greatest risk of material impact on the financial statements from irregularities including fraud lo be.. Management override ol conlfols to manipulate the companls key perfomiance indicators to meet targets. Timing and completeness of revenue recognition. Compliance with relevant laws and regulations which direclty impact the financial statements and those that the company needs lo comply with lor the purpose ol liading Our audit procedures to respond to these risks included.. Testing of journal entries and other adjustments lor approprialeness. Rewewing judgements made by managemenl in their calculalM)n ol accounting eslimates lor potential management bias. Enquiries ol managemenl atx)ut liligation and claims and inspection ol relevant correspondence. Reviewing legal and professional fees lo idenlily indications ol actual or potential litigation. claims and any non-compliance wilh laws and regulalbons. Because of the inherent limitations of an audit, there a risk that we will not detecl all irregulari118s, including those leading lo a material misslatemenl in the financial stalemenls or non-compliance with regulation. This risk increases the more that compliance wlh a law or regulation is removed Irom the events and transactions reflected in the financial slatemenls, as we wll be less likely lo become aware ol instances of non-compliance. The risk is also greater regarding irregLtlarilies occurring due to fraud rather than error. as fraud involves intentional concealment. forgery. collusion. omission or misrepresenlalion. A further description of our responsibilities for Ihe audit of the financial slalemenls is localed on the Financial Reporting Council's website al.. www.lrc.or -uklauditoisres nsibililies. This description forms part ol our Auditorfs report. Page 8
THE EXODUN CHARABLE TRUST INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE EXODUN CHARITABLE TRUST (CONTINUED) Use of our report This report is made solely lo the chariws trustees, as a Exxty. in accordance with regulation 10 of the Charities Accounts (Scollandl Regulations 2006. Our audrt work has been undertaken so that we might stale to the charitls trustees those matters we are required to state to them in an Audilorfs report and lor no other purpose. To the ILtllest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and its Iruslees, as a l)ody, for our audr( work, for this report, or for the opinions we have formed. Anderson Anderson & Brown Audlt LLP Statutory ALJdilor Kingshill View Prime Four Business Park Kingswells Aberdeen AB15 8PU Date-. Anderson Anderson & Brown Audtt LLP are eligible to act as auditors in terms ol section 1212 of the Companies Act 2006. Page 9
THE EXODUN CHARrrABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Incorne from: Investments 52,472 52,472 72,675 Total income 52.472 52,472 72,675 Expenditure on: Raising funds Charitable a¢livilies 38.190 2,020.635 2.469,180 2,469,180 Total expendilure 2.469.180 2.469,180 2,058,825 Net expendlture before net galns on Inveslments Nel gains on investments (2.416.708} 12,416.708) {1,986,1501 108.859 Net movement in lunds {2,416,708) 12,416,7081 11,877,291> Reconciliation ol funds: Total ILJnds brought forward Net movement in funds 3,726,442 3,726,442 5,603,733 12.416.708) 12.416,7081 11.877.291) Total funds eafried forward 1.309,734 1,309,734 3,726,442 The Statement of Financial Activities IrludeS all gains and losses recognised in the year. The notes on pages 13 10 19 form part of these financial stalemenls. Page 10
THE EXODUN CHAAITABLE TRUST BALANCE SHEET AS AT S APRIL 2023 2023 2022 Note Flx•d a$$ets Current assets Cash al bankand in hand 1.315,934 3,737,242 1.315,934 3,737,242 Creditors: amounts falling due vAthin one year (6.2(X)) 110.8001 Net current assets 1,30g.734 3,726,442 T¢)tal assets le$$ curreni Ilabllltles 1,309,734 3,726,442 Total nel assets 1,309.734 3,726,442 Charityfunds unrestrict lunds 1.309.734 3.726,442 Total ld5 1,309,734 3,726,442 Tho financol statements war8 approv8d and autFKsrisgd for issuo by tho TnJ$lg0s and signod on their b6h211 by.. Date- Thg notes on pages 13 to 19 lom part of these financial statements. Page11
THE EXODUN CHARITABLETRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENOEO 5 APRIL 2tr23 2023 2022 Cash flow$ frorn operating activilies Nel cash used in operating activities I2,484,4) {2.048.2051 Cash flows from investing activities Dividends. interests and rents from investments Proceeds from sale of investments Purchase of investments 52,472 72,675 5,488,170 1368.6481 Net cash provlded by Invesllng aclivitie8 52,472 5,191,997 Cash flows Irom financing activitios Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 12,431,928) 3,747,862 3,143.792 604,070 Cash and cash equivalenls at the end ol the year 1.315.934 3.747.862 The notes on pages 13 to 19 fom) part of these financial statements Page 12
THE EXODUN CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 223 Accounting policies 1.1 Basis of preparation of financial ststements The fillancial statements have been prepared under the historical cost convention with items recognised at cost of transaction value unless olherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement ol Recommended Practice= Accounting and Reporting by Charities= Statement ol Recommended Practice applicable lo chaftties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFFIS 1021 lellective 1 January 20191, and The Charities Accounts Iscotlandl Regulations 2. The Exodun Charitable Trust meets the definition of a public benelit enlty under FRS 102. 1.2 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance ol the general objectives ol the Chanty and which have not been designated for other purposes. 1.3 Income All income is recognised once the Charity has entitlement to the income. it is probable that the income will be received and the amount of inoome receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the lirne the investment income is reeewable. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party. tt Is probable that a Iranslei ol economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs ol each activty are made up ol the total ol direct costs and shared costs, including support costs invofved in undertaking each activity. Direct costs attribuiable lo a single activity are allocated directly to that activity- Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single acltvity ale apportioned between those activities on a basis consistent th the use of resources. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for ils charitable pury)oses. Expenditure on chariiable aclivities is incurred on directly undertaking the aclNities which lurther the Charivs objectives, as well as any associated support costs. Grants payable are charged in the year when the ofler is made except in those cases where the oller is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo wndilions which have not been met al the year end are noted as a comrnitmenl, but not acciued as expenditure. All expenditure is inclusNe ol irrecoverable VAT. 1.5 Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational exislence lor the foreseeable future and, accordingly, continue lo adopt the going concem basis in preparing Ihe financial statements. Page 13
THE EXODUN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting po14cies (continued) 1.6 Interest receivable Interest on funds held on deposil is irKluded when receivable and the amount can be measured reliably by the Charity- this is nomially upon noiitKalion of the interest paid oi payable by the institulion with whom the funds are deposiled. 1.7 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount ollered. Prepayrnents are valued al the amount prepa#J net of any trade discounts due. 1.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity ol three months or less from the date of acquisttion or opening of the deposit or similar account. 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past event. it is probable that a transfer of economic benelrt will be required in settlement, and the arnount of the settlement can be estimaled reliably. Liabilities are recognised al the amount that the Charity anlicipales it will pay lo settle the debt or the amount rt has receNed as advanced payTnents for Ihe goods or seNices il must provide. Provisions are measured at the best estimate ol the amounts required to settle the obligation. Where the eflecl ot the time value of money is material, Ihe provision is based on the present value ol those amounts, discounted al the pre-tsx discount rale that rellecls the risks specific to the liability- The unwinding ol Ihe discount is recognised in the Stalemenl ol financial activtties as a finance cost. 1.10 Taxalion The Twsl is recognised by HM Revenue & Customs as a charity and. as a consequence of the lax relief available in relation to current year. income is not liable lo taxation. 1.11 Finan¢S8l Instruments The Charty only has financial assets and financial liabiltties ol a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their settlement value. Page 14
THE EXODUN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Investment Income Unrestricted funds 2023 Totsl funds 2023 Total funds 2022 Income l¥om listed investments Bank interest received 4,314 48.158 4,314 48,158 72,675 52,472 52.472 72,675 Investment management costs Unreslricled funds 2023 Total funds 2023 Total funds 2022 Investment management fees 38,190 Total 2022 38.190 38,190 Analysis of grants Grants lo Institutions 2023 Total lunds 2023 Total funds 2022 Promotion ol christian faith 2.037.C 250,000 175,000 2,037,000 250,000 175.000 1,520,000 300.000 190,000 Overseas relief Other donations 2.462,OCK) 2,462,000 2.010.000 Total 2022 2.010.000 2,010,000 Page 15
THE EXODUN CHARThABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Analysis of grants (continued) The Charity has made the following rnaterial grdnts to instrtutFons during the year. 2023 2022 Name of inslilulion Alpha Inlemalional Blythswood Care Care for the Fami Christians Against Povety Compassion UK EMMS Intemational 50.CK)O 150,CX)O 280,1J)O 50.QX)O 250,CX)O 50,(M)O 1 (K).(xxi 50,IYKJ 1,(1)0 75.LX)O 100,ODO 50,000 100,000 100.000 100,000 50,000 50.000 Fields ol Life Further FasleT International Justice Mission Isaiah 61 movement Jubilee Campaign LEAD Academy Lighthouse Support Centre Aberdeen London Instrtule for Contempordry Christianity Mercy Ships Mission Aviation Fellowship Philo Trust SAT7 Tearfund Wycliffe 100,000 100,000 100,000 200.000 100,000 50,000 50,000 150.000 50,000 100,000 200,000 1,c4X1 100,000 200,000 100,000 150,000 300.0(K) 2,305,0 1,600,000 Other grants lo institutions 157.0 410,000 2.462.0 2,010.000 Page16
THE EXODUN CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 223 Analysls of expendlture by activilies Grant funding ol activities 2023 Support costs 2023 Total funds 2023 Total funds 2022 Giants payable - promotion of Christian Faith Accounting fees Grants payable - Other Grants payable - Overseas relief Grants payable - Other Governance costs 2,037,0(XJ 2,037.000 1,520,970 2.650 15 180 250.0 175.OLNJ 250.000 175,000 7,000 300,000 190,000 7.000 2.462.OLKI 7,180 2,469,180 2,020,635 Total 2022 2,010,0 10.635 2,020,635 Auditor's remuneration The auditorfs remuneration amounts to an auditor fee of £7.000 f2022 £7,970). and accountancy services of ,500(222- £2,650)- Trustees. remuneration and •xp•ns•s During the year, no Trustees received any remuneration or other benefits12022- £NILI. During the year ended 5 April 2023. no Trustee expenses have been incurred12022- £NILI. Page17
THE EXODUN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Credito. Amounts falling due within one year 2023 2022 Accruals and deferred income 6.200 10.800 Statement of funds Statement of funds- current year Balance al 6 April 2022 Balance at 5 April 2023 Income Expenditure Unrestricted funds General Funds - all funds 3.726.442 52,472 12,469.1801 1,309.734 Staternent of funds- prior year Balance at 6 April 2021 Gainsl Balance al (Losses) 5 April 2022 IoMe Expenditure Unrestrlcted funds General Funds 5,603.733 72.675 12.058.825) 108.859 3.726.442 10. Reconciliation of net movement in lunds to net cash flow from operating activities 2023 2022 Nel expenditure lor the year las per Statement of Financial Activities} (2,416,708) 11.877,2911 Adjustments for: Investment income 152,4721 172,6751 1108,8591 Realised profit on disposal of investments Nel cash used in operating activities 12.469.180) 12,058.8251 Page18
THE EXODUN CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 11. Analysis ol cash and cash equivalents 2023 2022 Cash in hand 1,315,934 3,747,862 Total cash and cash equivalonls 1,315,934 3,747,862 12. Analysis of changes in net debt Al 6 April 2022 At 5 April 2023 Cash flows Cash at bank and in hand 3,737,242 12,421,308) 1,315.934 3.737.242 12,421,308) 1,315,934 13. Related party Iransactions Contiol Throughout the year the charity was controlled by the Tnjslees. Tiansactions During the year the charity had no transactions wilh related parties. Page19