TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENT FOR SHARED INTEREST FOUNDATION 2024/25 - Report - Page 19
NOTES TO THE FINANCIAL STATEMENTS
15. CHARITY FUNDS
Current assets
Restricted
Unrestricted and
Total
Total
funds
designated funds
funds
funds
2023
2023
2023
2022
£
£
£
£
127,558
440,271
567,829
396,276
-
Current liabilities
(22,800)
127,558
(22,800)
417,471
(36,157)
545,029
360,119
In 2022, of current assets £103,859 was restricted and £292,417 were unrestricted and designated funds and of current
liabilities £36,157 was unrestricted and designated.
16. RESTRICTED FUNDS
Restricted income funds carried forward at the end of the financial year comprise:
2023
2022
£
£
Bees for Business: Supporting Growth Through Solar Energy
1,212
20,000
Coffee Farming Uganda
2,483
15,076
Expansion of Growing Fairer Futures Rwanda
1,056
15,000
14,054
19,961
7,806
7,336
Seed to Stall ECF
-
5,154
Seed to Stall GOA
(4,730)
10,018
-
3,992
105,677
-
Growing Fairer Futures Cote d’Ivoire
Livelihood Security Fund
Soilless Farming - Drip Irrigation
Sustainable Empowerment Through Enterprise Development
Women in Nicaragua Organic Sesame Farming
-
7,322
127,558
103,859
The negative balance on Seed to Stall GOA represents a final retention released by the funder, Guernsey Overseas Aid &
Development, at the end of the project in October 2023.
17. MOVEMENT IN FUNDS
Balance at
1 October
2022
Income
Expenditure
Transfer
between
funds
Designation
Balance at
of funds 30 September
2023
£
£
£
£
£
Unrestricted Income funds
134,645
393,071
(162,398)
-
(270,000)
95,318
Unrestricted designated funds
121,615
-
(69,462)
-
270,000
322,153
Restricted Income funds
103,859
142,921
(119,222)
-
-
127,558
360,119
535,992
(351,082)
-
-
545,029
£
In 2022 the Trustees designated a further £42,374 to a project which is ongoing. The Trustees have designated a further sum
of £270,000 at the year-end for other projects.
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 2023
page 19
