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|Trustees||Douglas Miller|Douglas Miller||
|---|---|---|---|---|
|||Luciano Balbo|||
|||Stephen Dawson|||
|||Audrey Miller|(Appointed|4December 2020)|
|||Eric Miller|(Appointed|4 December 2020)|
|||Jodi Minots|(Appointed|4 December 2020)|
|Secretary||Douglas Miller|||
|Charity number||1105785|||
|Company|number|05018032|||
|Registered|office|Quadrant
House - Floor 6|||
|||4Thomas More Square|||
|||London|||
|||E1W IYW|||
|Auditor||UHY Hacker Young|||
|||Quadrant
House|||
|||4Thomas More Square|||
|||London|||
|||E1W 1YW|||
|Bankers||HSBC Bank Plc|||
|||Church Street|||
|||Weybridge|||
|||Surrey|||
|||KT138DF|||
|Investment|advisors|Merrill Lynch,|Pierce, Fenner &Smith Incorporated||
|||One Federal Street, 24th Floor|||
|||Boston|||
|||Massachusetts|02110||
|||USA|||
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|||Page|
|---|---|---|
|Trustees' report||1-5|
|Independent
auditor's|report|6-9|
|Statement offinancial|activities|10|
|Balance sheet|||
|Notes to the financial|statements|13-20|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||Notes|||
|Donations
and|legacies||10,478,025|354,436|
|Investments|||7,118||
|Total income|||10,485,143|354,436|
|Ex
n
i
re|n:||||
|Raising funds|||5,645||
|Charitable
activities|||680,250|466,747|
|Total resources expended|||685,895|466,747|
|Net gains on investments|||87,051||
|Net movement|in funds||9,886,299|(112,311)|
|Fund balances|at 1 July 2020||360,315|472,626|
|Fund balances|at 30June 2021||10,246,614|360,315|
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||||2021|2020||
|---|---|---|---|---|---|
|||Notes||||
|Fixed assets||||||
|Investments|||8,212,745|||
|Current assets||||||
|Debtors falling due|after one year|10|12,000|40,000||
|Debtors falling due|within one year|10|40,000|8,000||
|Cash at bank and in|hand||1,988,869|333,141||
||||2,040,869|381,141||
|Creditors: amounts|falling due|||||
|within one year|||(7,000)|(20,826)||
|Net current assets|||2,033,869||360,315|
|Total assets less current liabilities|||10,246,614||360,315|
|Income funds||||||
|Unrestricted
funds|||10,246,614||360,315|
||||10,246,614||360,315|
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||||2021|2020||
|---|---|---|---|---|---|
|||Notes||||
|Cash flows from operating|activities|||||
|Cash generated
from/(absorbed
by)||15||||
|operations|||9,753,779||(248,908)|
|Investing
activities||||||
|Purchase ofinvestments|||(8,098,058)|||
|Investment
income received|||7|||
|Net cash used in investing|activities||(8,098,051)|||
|Net increase/(decrease)
in|cash and cash|||||
|equivalents|||1,655,728||(248,908)|
|Cash and cash equivalents
at beginning of||year|333,141||582,049|
|Cash and cash equivalents|at end ofyear||1,988,869||333,141|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|Donations|and|gifts|10,47S,025|354,436|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2021|2020|
|Income|from listed investments|7,111||
|Interest|receivable|7||
|||7,118||
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds||
||||2021|2020|
|Investment|management|charges|5,645||
||||5,645||
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|||||2021|2020|
|---|---|---|---|---|---|
||||||f.|
|Promotion|ofventure||philanthropy|||
|Consultancy||||232,074|243,411|
|Legal fees||||1,680|814|
|Loss/(gain)|on foreign exchange|||209,891|(2,963)|
|Bank charges||||683|773|
|Donations|made to|EVPAAISBL|||48,295|
|Donations|toAVPN|||40,425|39,000|
|Donations|to IVPC|||182,389||
|Donations|to Latimpacto||||85,149|
|Travel expenses|||||2,259|
|Sundry expenses||||6,108|1,369|
|||||673,250|418,107|
|Share ofgovernance||costs (see note 6)||7,000|48,640|
|||||680,250|466,747|
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|Support|c|osts|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2021|Support|Governance|2020|
||||costs|costs||costs|costs||
|Audit fees||||7,000|7,000||||
|Independent||examiner's|||||||
|fees|||||||4,620|4,620|
|Legal fees|||||||44,020|44,020|
|||||7,000|7,000||48,640|48,640|
|Analysed|between||||||||
|Charitable||activities||7,000|7,000||48,640|48,640|
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||Listed|Cash in|Total|
|---|---|---|---|
||investments|portfolio||
|Cost or valuation||||
|At 1 July 2020||||
|Investment offunds||8,098,058|8,098,058|
|Purchases|2,395,445|(2,395,445)||
|Sales proceeds|(59,821)|59,821||
|Unrealised
gains|87,497||87,497|
|Realised gains/(losses)|(446)||(446)|
|Foreign exchange differences|3,054|23,116|26,170|
|Investment
income||7,111|7,111|
|Investment
portfolio charges||(5,645)|(5,645)|
|At 30June 2021|2,425,729|5,787,016|8,212,745|
|Carrying
amount||||
|At 30June 2021|2,425,729|5,787,016|8,212,745|
|At 30June 2020||||
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|10|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
||Amounts
falling due|within|one year:|||
||Other debtors|||40,000|8,000|
|||||2021|2020|
||Amounts
falling due|after more than one year:||||
||Other debtors|||12,000|40,000|
||Total debtors|||52,000|48,000|
|11|Creditors: amounts|falling due within one year||||
|||||2021|2020|
||Accruals and deferred|income||7,000|20,826|
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|15|Cash generated
from operations|Cash generated
from operations||2021|2020|
|---|---|---|---|---|---|
||Surplus/(deficit)
for the year|||9,886,299|(112,311)|
||Adjustments
for:|||||
||Investment
income recognised|in|statement offinancial activities|(7,118)||
||Foreign exchange differences|||(26,170)||
||Net gains on investments|||(87,051)||
||Investment
portfolio charges|||5,645||
||Movements
in working capital:|||||
||(Increase) in debtors|||(4,000)|(48,000)|
||(Decrease) in creditors|||(13,826)|(88,597)|
||Cash generated
from/(absorbed||by) operations|9,753,779|(248,908)|