THE NICKA VASSILIOU CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Charity Number 1089248 THE NICKA VASSILIOU CAARI I ABLE TRU)T CONTENTS PAGr Pages Referen=e and Adininislralion Details Rcpo)rl ol ilie TrLJ4lees Independent Examiner s Report Receipts 2nd Payments ALcounl Slalement of Ab%el- 2nd Liabilities Appendix 1 THE NICKA VASSILIOU CHARITABLE TRUST REFERENCE AND ADIMINISTRA I ION DETAILS Trustees Jeannine Georgia Vassiliou Nicka Tassa Vassiliou lone Maria VassilioiJ Corporate Trustee HSBC Trust Company IUKI Limited J Coyle J Hewitson P M Spen￿r Current Directors of Corporate Trustee Trust Manager S Hill Principal OfFice Forum 1 Thè Forum Parkway Whiteley Fareham Hampshire P015 7PA Independent Examiner Frances Millar ACA RSM LIK Tax cjnd Accounting Limited Highiield Court Tolloale Chandlers Ford Easlleigh Hatnpshire S053 3 Bankers HSBC Bank plc Forum 1 The Forum Parkway Whileley Fareham Hampshire P015 7PA Investment Managers HSBC UK Ban.k plc 1 Centenary Square Birminghain B1 1HQ TH= NICKA VASSILIGU CHARiTA8Ln TRUST REPORT Or THE TRL'STECS FOR THE YEAR ENDED 5 APRIL 2022 -_ ?ort logèlher vjilii Ilp ac.rounlq ol the chantv Tnh Tlic Ti uslees preseiil:_eir ru IhL year ended 5 April 2022. wliibh r,ave bii&!I prcparett on '.ceiDls and P£iymenls t)asis. I hp ,'.nlff ncial sl.Ilempnts licive bpeii p:"epafDd 11Lf(',rdal1 ce Wilh Ih-n ch existing Tru%leL'S NV(IUid fLsponsibilily ol Ilieir Inducl,.on. The 1 ruslpes have OXiiininL,d tlTri'. miijfji %l,-;IilhQiC. busiiL3%% ciiid Ollk)Iiiliuii.-31 ri%k% whi(-h IhL' cli APRIL 2022 Investment policy In accordanre with Eh- governing docurnent, the Tmslees have the power lo invest in such stocks, shares. invÈstmenls and Property is they see fit. The Trustees engaged HSBC UK Bank plc as Invesltnenl Managers. The policy is lo adopt a lo¥v to medium risk invesimenl strategy lo prolecl. IlF absolute terms. Ihe capital value Oi the rund whilst producing a sus&?inable Jnd growing level of income, and also providing the potential for longer tem growth of capital in real lerms. ReseNes policy The unrestricted funds, which are the frae reserves of the chanty, and which are represented by the in¢ome arising are riaid over to beneficiaries Ihroughout the year. It is not the policy of the charity to maintain specific res- The expendable endowment funds ropresent those assets which are held pèrffl3nently by thp charity and are principally invoslmenl>. Income arising on the endowment fund can be used in accordance with the objectives Oi ihe ch2rity and is includod as unrestricted income. Any ￿PItal g3ins or losses arising on the investments form part of the fund. The Truslees have the power lo convert this fund into incorne_ Public benefit We have referred lo the guidance contained in the Charity Commission s general guidance on public benrsfit when review'.ng our aims dnd obieclivos 2nd in plannifjg our',pi{Iire Ic Cllvlties. In D3rtipular, the I ruslees consider hovi planned ac.iViLies will contribuLe to In￿ aims and otijeciiv25 they havè set. Plans for the future The Trustèes iniend LO Coiilinue Pi oviding granis in a $i￿11ar way io the recent past whilst retc11ning fltsxibility as lo the liming and scale o-; grant making. Related parties The Corporate TrLJslee and the Inv&stment'Manager are both wholly owned subsidiaries of HSBC Holdings plc. In adoilion to the rees shown ori page 6, as a result of the acquisition and disposal OT invesimenl5. the charity pays ir,ari4aclion charges lo HSBC Bank p5c. The cnarges are calculdtod on a sliding S￿10 ai a percentage of the tr￿nSactIOnS Vdlue plus VAT and are added to or dedLicled from the cost of the investments or the disposal proceeds in acFDrdance with UK standard accounting practice. TH- NIGKA VASSILiau CAARI IABLÈ TRUST Rc?ORT OF THF T?liS I- OR Th't YEAR END-D i APRSF 2022 Statament of Trusteg's responsibilities in relation to the financial statèments iigland dr,d Wale% requires thi,. Triisloes lo prcpJre fii)',ancial slJleiTrv.nls lor each IiY%els ol thi". cliarily ano hp.ncp for Id￿[nQ reasonaijle steps lor Ihe preveiililin -cind dpleclion ol Ir,iud and ullier irreilUlrir,.lies. Approved by the Truslcei JT FOR THE YLAR iN)-. D i APRIL 2022 UnrDstricted Endowment funds fup.ds Total 2022 Tctrtal 2021 Receipts 26,899 Investment income 25.752 2i,752 2i,7i2 25,7i2 Inveslrr£nt sale proceeds Proceods from the Service c',,'4r!ié. 8,059 9,6,9 9.688 Cnaritable activitie> Gic1nls paid if),J29 11.067 12.3601 10,56CI 12,3601 10.569 Governance costs 1Tr:4r s loe Ip.depend&il exam,, 1.608 1,657 19.554 77.363 Investment purchaies Payinents lo., purc,.. J58.312 9>8,312 1.207.179 977.866 1.284,912 127.2f)21 Nel rpceipL%llpaynieqls1 14Q81 15,388 I rt1nslers ￿tw￿n.un￿s 7.414 17.4141 C25h investod al 6 1r.ril 20?1 2.5.ll84 i7,255 84,i17 72,643 Cash.'nvesled al .- .,12022 ,IY{'.Iril sldltr'.nipnls have b?en subjecied to ..n0tsp￿nd￿nI L*xJininalion. Jee rpport THE NICKA VASSILIOU CHARITABLE TRUST STAI EMEN i Or ASSETS AIYO LIABILJTIES AT i APRIL 2022 Unrestricted funds Endowrrent fLtnds Totsl 2022 Total 2021 Investn*nts UK Fixed hterest Securities Overseas Fixed Interest Securities UK Equities Overseas Equities Other Trust Asscts Cash 24.588 1.289,151 24.588 1.289.151 51.346 1.238.04 24.716 340.313 447.006 447,006 48.984 23,659 72,643 57.255 Total assets 48,984 1,784.405 1,833.389 1,711,677 Liabilities Piofessional fces payable 1,743 1,743 1,660 Approved by the Trustee.s and 2Uihorised for issue on. L¥s_ and signed on their beh31f.' HSBC Trust Company (UK) Limited These unaudited financial slalemenLS have Deen subject to independent examination. See reporl on page 5. THF NICKA VASSILIOU CHARI I ABLE TRUST A)PCNDIX 1 BR-AKDOWN OF RIURNED GRANTS FOR THÉ YEAR Eli, J i A>RIL ?022 Institution Number of tLtrned grants Amount Adaclf.lion T*e Jcin FourKlalion The Pace Cenlre 787 787 786 Total 2,360