Statement of Financial Activities For year ended 31 December 2008
Notes
Total Funds 2008 £’000
Total Funds 2007 £’000
2 2
31,491 515 32,006
35,631 349 35,980
Resources expended Cost of generating funds 3 & 5 Charitable activities 4 & 5 5 & 6 Governance costs
4,909 22,815 291 28,015
3,871 25,003 225 29,099
Incoming resources Investment income Other incoming resources
Net incoming resources Realised and unrealised gains/(losses) 9 on fixed asset investments
3,991
6,881
(216,941)
13,934
Net movement in funds Funds at 1 January 2008
(212,950) 937,754
20,815 916,939
724,804
937,754
Funds at 31 December 2008 The notes on pages 39 to 47 form part of these accounts. The Foundation has no recognised gains or losses other than the net movement in funds for the year. The net incoming resources and resulting net movement in funds in each of the financial years are from continuing operations.
36 Esmée Fairbairn Foundation Annual Report & Accounts 2008
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