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2022-06-30-accounts
| Trustees |
|
|
Douglas Miller |
|
|
|
|
Luciano Balbo |
|
|
|
|
Stephen Dawson |
|
|
|
|
Audrey Miller |
|
|
|
|
Eric Miller |
|
|
|
|
Jodi Minots |
|
| Secretary |
|
|
Douglas Miller |
|
| Charity number |
|
|
1105785 |
|
| Company |
number |
|
05018032 |
|
| Registered |
|
office |
Quadrant
House - Floor 6 |
|
|
|
|
4 Thomas More Square |
|
|
|
|
London |
|
|
|
|
E1%'1YW |
|
| Independent |
|
examiner |
UHY Hacker Young |
|
|
|
|
Quadrant
House |
|
|
|
|
4 Thomas More Square |
|
|
|
|
London |
|
|
|
|
E1W 1YW |
|
| Bankers |
|
|
HSBC Bank Plc |
|
|
|
|
Church Street |
|
|
|
|
Weybridge |
|
|
|
|
Surrey |
|
|
|
|
KT138DF |
|
| Investment |
|
advisors |
Merrill Lynch, |
Pierce, Fenner 4 Smith Incorporated |
|
|
|
One Federal Street, 24th Floor |
|
|
|
|
Boston |
|
|
|
|
Massachusetts |
02110 |
|
|
|
USA |
|
|
|
|
Unrestricted |
Unrestricted |
|
|
|
funds |
funds |
|
|
|
2022 |
2021 |
|
|
Notes |
|
|
| Income from: |
|
|
|
|
Donations
and |
legacies |
|
|
10,478,025 |
| Investments |
|
|
93,387 |
7,118 |
| Total income |
|
|
93,387 |
10,485,143 |
| Ex enditure on: |
|
|
|
|
| Raising funds |
|
|
61,406 |
5,645 |
Charitable
activities |
|
|
700,007 |
680,250 |
| Total resources expended |
|
|
761,413 |
685,895 |
Net (losses)/gains
on investments |
|
|
(376,555) |
87,051 |
| Net movement |
in funds |
|
(1,044,581) |
9,886,299 |
| Fund balances |
at 1 July 2021 |
|
10,246,614 |
360,315 |
| Fund balances |
at30June 2022 |
|
9,202,033 |
10,246,614 |
|
|
|
2022 |
|
2021 |
|
|
Notes |
f. |
|
|
| Fixed assets |
|
|
|
|
|
| Investments |
|
10 |
|
7,868,171 |
8,212,745 |
| Current assets |
|
|
|
|
|
| Debtors falling due |
after one year |
|
12,000 |
|
12,000 |
| Debtors falling due |
within one year |
|
22,507 |
|
40,000 |
| Cash at bank and in |
hand |
|
1,315,847 |
|
1,988,869 |
|
|
|
1,350,354 |
|
2,040,869 |
| Creditors: amounts |
falling due within |
|
|
|
|
| one year |
|
12 |
(16,492} |
|
(7,000) |
| Net current assets |
|
|
|
1,333,862 |
2,033,869 |
| Total assets less current liabilities |
|
|
|
9,202,033 |
10,246,614 |
| Income funds |
|
|
|
|
|
Unrestricted
funds |
|
|
|
9,202,033 |
10,246,614 |
|
|
|
|
9,202,033 |
10,246,614 |
| Total |
Unrestricted |
|
funds |
| 2022 |
2021 |
|
10,478,025 |
|
|
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
2022 |
2021 |
| Income |
from listed investments |
93,387 |
7,111 |
| Interest |
receivable |
|
7 |
|
|
93,387 |
7,118 |
|
|
|
Unrestricted |
Unrestricted |
|
|
|
funds |
funds |
|
|
|
2022 |
2021 |
| Investment |
management |
charges |
61,406 |
5,645 |
|
|
|
61,406 |
5,645 |
|
|
|
|
2022 |
2021 |
| Promotion ofventure |
|
|
philanthropy |
|
|
| Consultancy |
|
|
|
82,698 |
232,074 |
| Legal fees |
|
|
|
|
1,680 |
| Loss on foreign |
exchange |
|
|
1,232 |
209,891 |
| Bank charges |
|
|
|
755 |
683 |
Donations
made |
to |
EVPAAISBL |
|
76,773 |
|
| Donations toAVPN |
|
|
|
115,500 |
40,425 |
| Donations to IVPC |
|
|
|
249,322 |
182,389 |
| Donations toAVPA |
|
|
|
73,000 |
|
| Other charitable |
donations |
|
|
91,107 |
|
| Sundry expenses |
|
|
|
|
6,108 |
|
|
|
|
690,387 |
673,250 |
| Share ofgovernance |
|
costs (see note 6) |
|
9,620 |
7,000 |
|
|
|
|
700,007 |
680,250 |
| Support |
c |
osts |
|
|
|
|
|
|
|
|
|
Support |
Governance |
2022 |
Support |
Governance |
2021 |
|
|
|
costs |
costs |
|
costs |
costs |
|
| Audit fees |
|
|
|
|
|
|
7,000 |
7,000 |
| Accountancy |
|
|
|
4,220 |
4,220 |
|
|
|
| Independent |
|
examiner's |
|
|
|
|
|
|
| fees |
|
|
|
5,400 |
5,400 |
|
|
|
|
|
|
|
9,620 |
9,620 |
|
7,000 |
7,000 |
| Analysed |
between |
|
|
|
|
|
|
|
| Charitable |
|
activities |
|
9,620 |
9,620 |
|
7,000 |
7,000 |
|
|
|
Unrestricted |
Unrestricted |
Unrestricted |
|
|
|
funds |
|
funds |
|
|
|
2022 |
|
2021 |
| Revaluation |
ofinvestments |
|
(293,164) |
|
87,497 |
| Loss on sale ofinvestments |
|
|
(83,391) |
|
(446) |
|
|
|
(376,555) |
|
87,051 |
| Fixed asset investments |
|
|
|
|
|
|
|
Listed |
Cash in |
|
Total |
|
|
investments |
portfolio |
|
|
| Cost or valuation |
|
|
|
|
|
| At 1 July 2021 |
|
2,425,729 |
5,787,016 |
|
8,212,745 |
| Purchases |
|
6,133,841 |
(6,133,841) |
|
|
| Sales proceeds |
|
(1,102,845) |
1,102,845 |
|
|
| Unrealised |
losses |
(1,240,358) |
|
|
(1,240,358) |
| Realised losses |
|
(83,391) |
|
|
(83,391) |
| Foreign exchange differences |
|
693,857 |
253,337 |
|
947,194 |
| Investment |
income |
|
93,387 |
|
93,387 |
| Investment |
portfolio charges |
|
(61,406) |
|
(61,406) |
| At 30June |
2022 |
6,826,833 |
1,041,338 |
|
7,868,171 |
| Carrying |
amount |
|
|
|
|
| At 30June |
2022 |
6,826,833 |
1,041,338 |
|
7,868,171 |
| At 30June |
2021 |
2,425,729 |
5,787,016 |
|
8,212,745 |
| 11 |
Debtors |
|
|
|
|
|
|
2022 |
2021 |
|
Amounts
falling due |
within one year: |
|
|
|
Other debtors |
|
22,507 |
40,000 |
|
|
|
2022 |
2021 |
|
Amounts
falling due |
after more than one year: |
|
|
|
Other debtors |
|
12,000 |
12,000 |
|
Total debtors |
|
34,507 |
52,000 |
| 12 |
Creditors: amounts |
falling due within one year |
|
|
|
|
|
2022 |
2021 |
|
Accruals and deferred |
income |
16,492 |
7,000 |