TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENT FOR SHARED INTEREST FOUNDATION 2024/25 - Report - Page 18
NOTES TO THE FINANCIAL STATEMENTS
15. CHARITY FUNDS
Current assets
Restricted
Unrestricted and
Total
Total
funds
designated funds
funds
funds
2022
2022
2022
2021
£
£
£
£
103,859
292,417
396,276
391,192
Current liabilities
-
(36,157)
(36,157)
103,859
360,119
256,260
(6,920)
384,272
In 2021, of current assets £74,033 was restricted and £317,159 was unrestricted and designated funds and of current liabilities
£6,920 was unrestricted and designated.
16. RESTRICTED FUNDS
Restricted income funds carried forward at the end of the financial year comprise:
2022
2021
£
£
Bees for Business: Supporting Growth Through Solar Energy
20,000
-
Coffee Farming Uganda
15,076
20,067
-
500
Expansion of Growing Fairer Futures Rwanda
15,000
-
Growing Fairer Futures Cote d’Ivoire
19,961
33,954
Livelihood Security Fund
7,336
7,336
Seed to Stall ECF
5,154
-
Seed to Stall GOA
Dakoro Warehouse
10,018
-
Soilless Farming - Drip Irrigation
3,992
-
Women in Nicaragua Organic Sesame Farming
7,322
12,176
103,859
74,033
17. MOVEMENT IN FUNDS
Designation
Balance at
of funds 30 September
2022
Balance at
1 October
2021
Income
Expenditure
Transfer
between
funds
£
£
£
£
£
£
Unrestricted Income funds
116,741
217,789
(157,511)
-
(42,374)
134,645
Unrestricted designated funds
193,498
-
(114,257)
-
42,374
121,615
74,033
93,496
(63,670)
-
-
103,859
384,272
311,285
(335,438)
-
-
360,119
Restricted Income funds
In 2021 the Trustees designated a further £114,596 to three projects which are ongoing. The Trustees have designated a
further sum of £42,374 at the year-end for another project.
18. ULTIMATE PARENT COMPANY
The ultimate parent undertaking and controlling party of Shared Interest Foundation is Shared Interest Society Ltd (a Registered
Society in the UK, registration number IP27093R) by virtue of Shared Interest Society Ltd being the only member of the
Foundation. The financial statements of Shared Interest Society Ltd are available from the registered office of Shared Interest
Foundation, as shown on page 3.
Shared Interest Foundation - Trustees’ Report and Financial Statements for the year ended 30 September 2022
page 18
