Shared Interest Foundation Annual Review 2022 - Flipbook - Page 21
SHARED INTEREST FOUNDATION ANNUAL REVIEW 2022 21
Shared Interest Foundation receives grants from donor
organisations, which enable us to deliver our projects. Over
many years, these funds account for more than 40% of all
our income, with the balance coming from the generous
donations of individuals, groups, trusts and legacies. These
donations are vital as they allow us to develop and grow
new projects based on robust needs analysis.
Over the year, we have received new funding
from the following trusts and organisations and
we would like to thank them for their contribution
to our achievements:
Charles Hayward Foundation
Evan Cornish Foundation
Guernsey Overseas Aid & Development
The Marr-Munning Trust
The Peter Stebbings Memorial Charity
INCOME AND EXPENDITURE
Year ended 30 September 2021
Year ended 30 September 2022
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
Funds
£’000
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
Funds
£’000
287
1
288
75
75
362
1
363
217
1
218
93
93
310
1
311
Donations & grants
Interest income
Total income
Cost of fundraising
Charitable activities
Governance costs
Total expenditure
Transfers between funds
Net surplus/(deficit)
Funds brought forward
Funds carried forward*
11
182
4
197
91
219
310
107
107
(33)
107
74
11
289
4
304
58
326
384
12
255
4
271
(54)
310
256
64
64
30
74
104
12
319
4
335
(24)
384
360
*Of the unrestricted funds carried forward, £122k (2021: £193k) is committed to be spent on designated projects already underway or commencing in the new
financial year.
BOARD OF TRUSTEES
The Board of Trustees’ role is to determine and monitor the implementation of the strategy for the
Foundation, make sure that risks are managed appropriately, and provide a proper account to donors of
the financial and social results of the Foundation.
PATRICIA
ALEXANDER
RICHARD
ANDERSON
MARY
COYLE
< Sesame seeds growing in Nicaragua
MELISSA
DUNCAN
YVONNE
GALE
CRISTINA
TALENS
PAUL
VALENTIN