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|Trustees|||Douglas Miller||
|---|---|---|---|---|
||||Luciano Balbo||
||||Stephen Dawson||
||||Audrey<br>Mi Iler||
||||Eric Miller||
||||Jodi Minots||
|Secretary|||Douglas Miller||
|Charity|number||1105785||
|Company|number||05018032||
|Registered||office|Quadrant<br>House - Floor 6||
||||4 Thomas More Square||
||||London||
||||E1W 1YW||
|Independent||examiner|UHY Hacker Young||
||||14Park Row||
||||Nottingham||
||||NG1 6GR||
|Bankers|||HSBC Bank Plc||
||||Church Street||
||||Weybridge||
||||Surrey||
||||KT138DF||
|Investment||advisors|Merrill Lynch,|Pierce, Fenner k Smith Incorporated|
||||One Federal Street, 24th Floor||
||||Boston||
||||Massachusetts|02110|
||||USA||





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|||||Page|
|---|---|---|---|---|
|Trustees' report||||1-5|
|Independent|examiner's||report||
|Statement of|financial||activities||
|Balance sheet|||||
|Notes to the financial||statements||9- 15|





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||||UnrestrictedUnrestricted|UnrestrictedUnrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|||Notes|||
|Income from:|||||
|Investments|||169,719|93,387|
|Ex enditure on:|||||
|Raising funds|||105,864|61,406|
|Charitable<br>activities|||566,888|700,007|
|Total expenditure|||672,752|761,413|
|Net gains/(losses)<br>on investments|||849,023|(376,555)|
|Net movement|in funds||345,990|(1,044,581)|
|Fund balances|at 1 July 2022||9,202,033|10,246,614|
|Fund balances|at 30June 2023||9,548,023|9,202,033|





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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|||
|Fixed assets||||||
|Investments|||10|8,779,872|7,868,171|
|Current assets||||||
|Debtors falling due|after|one year||40,217|12,000|
|Debtors falling due|within one year|||25,913|22,507|
|Cash at bank and in|hand|||719,241|1,315,847|
|||||785,371|1,350,354|
|Creditors: amounts|falling due within|||||
|one year|||12|(17,220)|(16,492)|
|Net current assets||||768,151|1,333,862|
|Total assets less current||liabilities||9,548,023|9,202,033|
|Incoine funds||||||
|Unrestricted<br>funds||||9,548,023|9,202,033|
|||||9,548,023|9,202,033|





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|||Un restricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|Income|from listed investments|168,542|93,387|
|Interest|receivable|1,177||
|||169,719|93,387|



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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|Investment|management|charges|105,864|61,406|
||||105,864|61,406|





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||||2023|2022|
|---|---|---|---|---|
|Consultancy|||349|82,698|
|Pension scheme|||104||
|Loss on foreign exchange|||7,984|1,232|
|Bank charges|||716|755|
|Donations to Impact|Europe||845|76,773|
|Donations<br>toAVPN|||6,844|115,500|
|Donations to AVPA||||73,000|
|Other charitable<br>donations|||55,712|91,107|
|Donations<br>to GAIN|||399,029|249,322|
|Donations to Latimpacto|||85,065||
||||556,648|690,387|
|Share ofgovernance|costs (see note 5)||10,240|9,620|
||||566,888|700,007|
|Support costs|||||
||||2023|2022|
|Accountancy|||1,240|4,220|
|Independent<br>examiner's||fees|9,000|5,400|
||||10,240|9,620|
|Analysed<br>between|||||
|Charitable<br>activities|||10,240|9,620|



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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|Revaluation|ofinvestments|1,090,119|(293,164)|
|Gain/(loss)|on sale ofinvestments|(241,096)|(83,391)|
|||849,023|(376,555)|



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||||Listed|Cash in|Total|
|---|---|---|---|---|---|
||||investments|portfolio||
||Cost or valuation|||||
||At I July 2022||6,826,833|1,041,338|7,868,171|
||Purchases||2,421,560|(2,421,560)||
||Sales proceeds||(2,055,701)|2,055,701||
||Unrealised<br>gains||1,512,345||1,512,345|
||Realised losses||(241,096)||(241,096)|
||Foreign exchange differences||(393,265)|(30,813)|(424,078)|
||Investment<br>income|||168,542|168,542|
||Investment<br>portfolio changes<br>Cash in lieu ofshares|||(105,864)<br>1,852|(105,864)<br>1,852|
||At 30June 2023||8,070,676|709,196|8,779,872|
||Carrying<br>amount|||||
||At 30June 2023||8,070,676|709,196|8,779,872|
||At 30June 2022||6,826,833|1,041,338|7,868,171|
|11|Debtors|||||
|||||2023|2022|
||Amounts<br>falling due within|one year:||||
||Other debtors|||25,913|22,507|
|||||2023|2022|
||Amounts<br>falling due after more than one year:|||||
||Other debtors|||40,217|12,000|
||Total debtors|||66,130|34,507|





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|12|Creditors: amounts|falling due within|one year|||
|---|---|---|---|---|---|
|||||2023|2022|
||Accruals and deferred|income||17,220|16,492|



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