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2023-04-01-accounts
|
Page |
| REFERENCE AND ADMINISTRATION INFORMATION |
1 |
| TRUSTEES' REPORT |
2-5 |
| TRUSTEES' RESPONSIBILITIES STATEMENT |
6 |
| INDEPENDENT EXAMINER'S REPORT |
7 |
| STATEMENT OF FINANCIALACTIVITIES |
8 |
| BALANCE SHEET |
9 |
| STATEMENT OF CASH FLOWS |
10 |
| NOTES TO THE FINANCIAL STATEMENTS |
11-20 |
| Trustees |
|
Mr Louis M Bacon |
|
|
Mr Lawrence M Noe |
|
|
Mr Patrick G Sweeney |
| Secretary |
|
Temple Secretarial Limited |
|
|
16 Old Bailey |
|
|
London |
|
|
EC4M 7EG |
| Bankers |
|
Barclays Private Clients International Ltd |
|
|
PO Box 8 |
|
|
13 Library Place |
|
|
St Helier |
|
|
Jersey |
|
|
JE4 8NE |
| Solicitors |
|
Withers LLP |
|
|
16 Old Bailey |
|
|
London |
|
|
EC4M 7EG |
| Independent |
Examiner |
Ernst & Young LLP |
|
|
25 Churchill Place |
|
|
Canary Wharf |
|
|
London |
|
|
E14 SEY |
|
|
2023 |
2022 |
|
Note |
£ |
£ |
| Incoming from: |
|
|
|
| Donations |
4 |
82,931 |
9,613,130 |
| Interest |
|
23,411 |
493 |
| Total |
|
106,342 |
9,613,623 |
| Expenditure on: |
|
|
|
| Charitable activities |
5 |
(3,812,210) |
(6,174,963) |
| Total |
|
(3,812,210) |
(6,174,963) |
| Reconciliation offunds: |
|
|
|
| Net movement in funds |
|
(3,705,868) |
3,438,660 |
| Total funds brought forward |
|
3,446,200 |
7,540 |
| Totalfunds carriedforward |
|
(259,668) |
3,446,200 |
|
|
2023 |
2022 |
|
Note |
£ |
£ |
| Current assets |
|
|
|
| Cash at bank and in hand |
|
61,159 |
3,893,005 |
| Prepaid expenses |
|
540 |
o |
| Total current assets |
|
61,699 |
3,893,005 |
| Liabilities |
|
|
|
| Creditors: amounts falling due within one year |
8 |
(132,473) |
(156,280) |
| Net current assets/{liabilities) |
|
(70,774) |
3,736,725 |
| Creditors: amounts falling due after more than one year |
9 |
(188,894) |
(290,525) |
| Net assets/(liabilities) |
|
(259,668) |
3,446,200 |
| The Funds ofthe Charity |
|
|
|
| Share capital |
10 |
1 |
1 |
| Unrestricted funds |
11 |
(259,669) |
3,446,199 |
| Total charityfunds |
|
(259,668) |
3,446,200 |
|
2023 |
2022 |
|
£ |
£ |
| Cash flowsfrom operating activities |
|
|
| Cash from donations |
82,931 |
9,613,130 |
| Cash from interest |
23,411 |
493 |
| Cash spent on charitable activities |
(3,938,188) |
(5,739,918) |
| Net cash from operating activities |
(3,831,846) |
3,873,705 |
| Change in cash and cash equivalents during the year |
(3,831,846) |
3,873,705 |
| Cash and cash equivalents at the beginning of the year: |
3,893,005 |
19,300 |
| Cash and cash equivalents at the end of the year: |
61,159 |
3,893,005 |
| Charitable Activities |
|
|
|
|
| Charitable activities |
Grants to institutions |
Activities |
Governance |
2023 |
|
|
undertaken |
costs |
Total |
|
|
directly |
£ |
£ |
|
|
£ |
|
|
| Support restoration of Kafue |
African Parks UK |
834,223 |
(65,256) |
768,967 |
| National Park in Zambia |
|
|
|
|
| Promote restoration and |
Atlantic Salmon Trust |
5,000 |
(391) |
4,609 |
| conservation ofsustainable |
|
|
|
|
| stocks ofwild Atlantic salmon |
|
|
|
|
| and seatrout |
|
|
|
|
| Support effortsfor policy and |
Bahamas National |
187,562 |
(14,672) |
172,890 |
| protected area management in |
Trust Fund |
|
|
|
| the Bahamas, and support |
|
|
|
|
| installing signage and |
|
|
|
|
| completing system-wide GPS |
|
|
|
|
| map updating atAndros West |
|
|
|
|
| Side National Park |
|
|
|
|
| Donor advisedfund |
The Bessemer |
1,320,969 |
(103,331) |
1,217,638 |
|
National Gift Fund |
|
|
|
| Support ofmangrove restoration |
Bonefish & Tarpon |
64,609 |
(5,054) |
59,555 |
| efforts and a long-term |
|
|
|
|
| mangrove protection campaign |
|
|
|
|
| Benefit of Hughes Hall, |
Cambridge in America |
216,711 |
(16,952) |
199,759 |
| University ofCambridge |
|
|
|
|
| Increasethe amount offinancial |
Environmental |
2,500 |
(196) |
2,304 |
| supportfor environmental |
Funders Network |
|
|
|
| causes |
|
|
|
|
| Support research and policy |
Game & Wildlife |
897,578 |
(70,212) |
827,366 |
| programme inthe Uplands |
Conservation Trust |
|
|
|
| Provide early years, pre-school |
Heriot Country Kids |
20,000 |
(1,564) |
18,436 |
| and out of school careforthe |
|
|
|
|
| children inthe Heriot and |
|
|
|
|
| surrounding communities |
|
|
|
|
| Help coverthe substantial |
Holyport Community |
15,000 |
(1,173) |
13,827 |
| increase in energy billsthatthe |
Trust |
|
|
|
| village hall is nowfaced with |
|
|
|
|
|
at 1 April 2023 |
|
|
|
|
| 5. |
Charitable Activities (continued) |
|
|
|
|
|
Supportjaguar and mammal |
Panama Wildlife |
39,000 |
(3,051) |
35,949 |
|
monitoring at Cerro National |
Conservation |
|
|
|
|
Park |
|
|
|
|
|
Research andtreat Stony Coral |
Perry Institutefor |
205,861 |
(16,103) |
189,758 |
|
Tissue Loss Disease inthe |
Marine Science |
|
|
|
|
Bahamas, and support effortsto |
|
|
|
|
|
restore mangroves and reform |
|
|
|
|
|
marine permitting inthe |
|
|
|
|
|
Bahamas |
|
|
|
|
|
In supportofcommunications |
Rockefeller |
91,494 |
(7,157) |
84,337 |
|
related tothe Oceans 5 Our |
Philanthropy Advisors |
|
|
|
|
Oceans Conference |
|
|
|
|
|
Support effortsto open a state- |
Superhumans Ukraine |
166,845 |
(13,051) |
153,794 |
|
of-the-warvictim rehabilitation |
|
|
|
|
|
centerfor adults and children |
|
|
|
|
|
that offers prosthetics and post- |
|
|
|
|
|
prosthetics rehabilitiation, |
|
|
|
|
|
reconstructive surgeries, and |
|
|
|
|
|
psychological support |
|
|
|
|
|
Supportthe Leuser Ecosystem |
The Ecology Trust |
60,000 |
(4,693) |
55,307 |
|
Action Fund |
|
|
|
|
|
Supportthe Oak Cancer Centre |
The Royal Marsden |
10,000 |
(782) |
9,218 |
|
in Sutton |
Cancer Charity |
|
|
|
|
Adjustmentfor presentvalue of |
Eton College |
(1,631) |
127 |
(1,504) |
|
commitment |
|
|
|
|
|
Total expenditure |
|
4,135,721 |
(323,511) |
3,812,210 |
| Charitable Activities (continued) |
|
|
|
|
| Charitable activities |
Grants to institutions |
Activities |
Governance |
2022 |
|
|
undertaken |
costs |
Total |
|
|
directly |
£ |
£ |
|
|
£ |
|
|
| Assistvictims and refugeesfrom |
Association of Polish |
2,500 |
18 |
2,518 |
| Ukraine |
Knights ofMalta UK |
|
|
|
| Secure online management |
Bahamas National |
7,487 |
53 |
7,540 |
| platform fortraining courses |
Trust |
|
|
|
| thatwill support citizen science |
|
|
|
|
| initiatives atthe Lucayan |
|
|
|
|
| National Park and Bonefish Pond |
|
|
|
|
| National Park |
|
|
|
|
| Support Cape Eleuthera Island |
Cape Eleuthera |
18,533 |
132 |
18,665 |
| School tofacilitate capacity |
Foundation |
|
|
|
| building and sustainingthe |
|
|
|
|
| Bahamian stone crabfisheryfor |
|
|
|
|
| thefuture |
|
|
|
|
| Support student enrichment at |
Eton College |
490,525 |
3,489 |
494,014 |
| the College in accordance with |
|
|
|
|
| the College's charitable |
|
|
|
|
| purposes |
|
|
|
|
| Supportthe carbon offset |
Wetlands |
71,480 |
508 |
71,988 |
| programthrough blue carbon |
International Panama |
|
|
|
| opportunities in mangrove |
|
|
|
|
| wetland areas. Develop an |
|
|
|
|
| integrated approach to support |
|
|
|
|
| wetlands conservation inthe |
|
|
|
|
| Gulfof Chiriqui |
|
|
|
|
| Support research and policy |
Game & Wildlife |
60,000 |
427 |
60,427 |
| programme inthe Uplands,to |
Conservation Trust |
|
|
|
| bring Salmon Schoolto COP26 at |
|
|
|
|
| Glasgow, and general use |
|
|
|
|
| Support MarViva grantsthat |
Multiplier |
30,256 |
215 |
30,471 |
| contributeto improved marine |
|
|
|
|
| enforcement capacityfor |
|
|
|
|
| effective Marine Special |
|
|
|
|
| Planning implementation in the |
|
|
|
|
| Great Gulfof Chiriqui |
|
|
|
|
|
at 1 April 2023 |
|
|
|
|
| **5. ** |
Charitable Activities (continued) |
|
|
|
|
|
Supportthe Rio Grande |
National Fish & |
56,730 |
404 |
57,134 |
|
Headwaters Riparian |
Wildlife Foundation |
|
|
|
|
Restoration Program; support |
|
|
|
|
|
projectsthat addressthe leading |
|
|
|
|
|
factors in aquatic species |
|
|
|
|
|
decline, including habitat |
|
|
|
|
|
alteration, environmental |
|
|
|
|
|
change and invasive species, and |
|
|
|
|
|
promote healthy headwater |
|
|
|
|
|
streams |
|
|
|
|
|
Supportthe Our Forests Aren't |
Natural Resources |
75,640 |
538 |
76,178 |
|
Fuel Campaign and its effortsto |
Defense Council |
|
|
|
|
reduce demand for biomass by |
|
|
|
|
|
advocatingfor science-based |
|
|
|
|
|
policies. Supportthe North |
|
|
|
|
|
Carolina CAFOs Campaign; |
|
|
|
|
|
addressthe harmsfrom CAFOs |
|
|
|
|
|
on North Carolina communities |
|
|
|
|
|
and environment, and advocate |
|
|
|
|
|
for policy change |
|
|
|
|
|
Support public relations |
Partnershipfor Policy |
111,198 |
791 |
111,989 |
|
campaignto end subsidiesfor |
Integrity |
|
|
|
|
forest biomass in meetingthe |
|
|
|
|
|
EU's renewable energytargets |
|
|
|
|
|
and related efforts |
|
|
|
|
|
Supportthe church |
The PCC of St Mary |
86,000 |
612 |
86,612 |
|
|
with St Peter and St |
|
|
|
|
|
Jude |
|
|
|
|
Support data publication and |
The Renewable Energy |
25,000 |
178 |
25,178 |
|
analysis relatedto renewable |
Foundation |
|
|
|
|
energy |
|
|
|
|
| 5. |
Charitable Activities (continued} |
|
|
|
|
|
Supportthe Shark Conservation |
Rockefeller |
2,488,645 |
17,703 |
2,506,348 |
|
Fund which is dedicatedto |
Philanthropy Advisors |
|
|
|
|
protecting sharks and rays |
|
|
|
|
|
worldwide. Support Oceans 5 |
|
|
|
|
|
grantsthat build political will |
|
|
|
|
|
among government officials, |
|
|
|
|
|
increasing fisheries data, |
|
|
|
|
|
strengthening science-based |
|
|
|
|
|
decision-making, creating new |
|
|
|
|
|
management regimes, |
|
|
|
|
|
increasing enforcement |
|
|
|
|
|
activities, prohibiting oil |
|
|
|
|
|
development, and securing new |
|
|
|
|
|
MPAS. |
|
|
|
|
|
Supportthe redevelopment |
RUSI |
756,401 |
5,381 |
761,782 |
|
appeal for 61 Whitehall |
|
|
|
|
|
Supportthe Columbia University |
Trustees of Columbia |
756,401 |
5,381 |
761,782 |
|
Mailman School of Public |
University inthe City |
|
|
|
|
Health's Centerfor Infection and |
of New York |
|
|
|
|
Immunity effortsto establish a |
|
|
|
|
|
Global Alliancefor Preventing |
|
|
|
|
|
Pandemics hub in Zambiato |
|
|
|
|
|
conduct infectious diseases |
|
|
|
|
|
surveillance and research and |
|
|
|
|
|
serve as a regional resource |
|
|
|
|
|
Establish a scholarship program |
The Gresham's |
1,000,000 |
7,114 |
1,007,114 |
|
for American students at |
Foundation |
|
|
|
|
Gresham's School |
|
|
|
|
|
Supportthe continued work of |
The Nature |
94,550 |
673 |
95,223 |
|
the Rio Grande Water Fund and |
Conservancy |
|
|
|
|
its associated |
|
|
|
|
|
communications/outreach |
|
|
|
|
|
activities |
|
|
|
|
|
Total expenditure |
|
6,131,346 |
43,617 |
6,174,963 |
| Governance Costs |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Bank charges |
342 |
529 |
| Independent auditorsfee |
o |
24,000 |
| Independent examiners reportfee |
18,000 |
o |
| Accountingfees and services |
4,573 |
2,370 |
| Solicitorsfees |
957 |
3,090 |
| FX (loss) |
(347,383) |
13,628 |
|
(323,511) |
43,617 |
| 8. |
Creditors: amounts falling due within one year |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Accruals |
24,973 |
29,280 |
|
Grants Creditors |
107,500 |
127,000 |
|
|
132,473 |
156,280 |
| 9. |
Creditors: amounts falling due after more than one year |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Grants Creditor- Eton College pledge payment due in 2023 |
o |
98,404 |
|
Grants Creditor- Eton College pledge payment due in 2024 |
96,251 |
96,833 |
|
Grants Creditor- Eton College pledge payment due in 2025 |
92,643 |
95,288 |
|
|
188,894 |
290,525 |
|
|
|
|
|
2023 and 2022 |
|
|
|
|
_Allotted called _ |
up andfully paid |
|
|
|
|
No |
£ |
| Ordinary |
shares |
of£1 |
each |
1 |
1 |
| Movements on reserves |
|
|
|
Unrestricted |
|
|
income |
|
|
funds |
Total |
|
£ |
£ |
| At 2 April 2022 |
3,446,199 |
3,446,200 |
| Lossforthe period |
(3,705,868) |
(3,705,868) |
| At 1 April 2023 |
(259,669) |
(259,668) |