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||||||Page|
|---|---|---|---|---|---|
|Annual<br>Report ofthe|Trustees||||1-7|
|Report ofthe Independent<br>Auditor|||||8-10|
|Statement<br>of Financial|Activities|(including|Income and Expenditure|Account)||
|Balance Sheet|||||12|
|Notes to the Financial|Statements||||13 —19|





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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||Funds|Funds|
|||||(resteted —note 9)|
|||Page|2023|2022|
||||6|6|
|Income from:|||||
|Donations<br>and legacies (note 2)<br>Investment<br>income||16|12,902<br>24,171|12,471<br>3,091|
|Total income|||37,073|15,562|
|Expenditure:|||||
|Charitable<br>activities|(note 3)|16|2,842,836|1,991,212|
|Total expenditure|||2,842,836|1,991,212|
|Net expenditure|||(2,805,763)|(1,975,650)|
|Other recognised|(losses)/gains||||
|Realised (loss)/gain|on foreign currency transactions||(367)|1,390|
|Net movement<br>in|funds||(2,806,130)|(1,974,260)|
|Reconciliation<br>of|funds:||||
|Total funds brought|forward||6,216,736|8,190,996|
|Total funds carried forward|||E3,410,606|E6,216,736|





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||Funds|Funds|
||||||«estated —note 9)|
||||Page|2023|2022|
|||||6|6|
|Fixed assets:||||||
|Tangible assets (Note 4)|||17|596|953|
|Current assets:||||||
|Debtors (note 5)<br>Cash at bank (note|6)||17<br>18|3,016,436<br>469,306|5,513,208<br>903,434|
|Total current assets||||3,485,742|6,416,642|
|Liabilities:||||||
|Creditors: Amounts|falling|due in one year (note 7)|18|75,732|200,859|
|Total assets less current||liabilities||3,410,606|6,216,736|
|Total net assets||||E3,410,606|66,216,736|
|The funds ofthe charity:||||||
|Unrestricted<br>funds||||63,410,606|6 6,216,736|





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|||||Page||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||(restated)|
|2.|DONATIONS<br>AND LEGACIES|||||6|g|
||Gift Aid Tax Relief (note 9)|||||12,902|12,471|
|||||11|6|12,902|12,471|
|3.|CHARITABLE ACTIVITIES|||||2023<br>6|2022<br>6|
||Grants payable:<br>Stichting Codam<br>EcolHuma||||2,400,000<br>40,000||1,350,000<br>40,000|
||Leiden Unversity<br>Fund Foundation|||||30,000||
||ESSECFoundation|||||25,000|36,000|
||Stichting<br>Het Rijksmuseum<br>Aida Paalman<br>De Miranda<br>Fund|||||20,000<br>10,000||
||Stichting<br>IMC Weekendschool<br>JINC NL|||||9,000|100,000|
||Sport dans la ville||||||40,000|
||Total donations<br>paid relating to|2023|||2,534,000||1,566,000|
||Add/(Less):<br>Donations<br>paid relating to previous year commitments<br>Provision for commitments<br>brought<br>forward<br>Provision for future commitments<br>due within one year|||19||155,000<br>(155,000)<br>25,000|800,000<br>(800,000)<br>155,000|
||Total grants payable||||2559000||1 721 000|
||Support Costs:<br>Staff salary<br>Employer's<br>national<br>insurance<br>Travel and subsistence<br>expenses<br>Accountancy fees (governance<br>costs)<br>Employee<br>benefits<br>Staff pensions<br>Audit fees (governance<br>costs)<br>Bank charges and custody fees<br>Payroll expenses<br>Phone and internet|||||184,673<br>42,996<br>14,129<br>8,485<br>8,078<br>6,995<br>6,231<br>5,157<br>2,592<br>2,016|170,000<br>40,633<br>9,175<br>6,211<br>16,406<br>5,711<br>8,667<br>2,160<br>1,169|
||IT Support<br>Entertaining<br>Insurance<br>(governance<br>costs)<br>Depreciation<br>Legal &professional<br>(governance<br>Postage &courier<br>Printing<br>and stationery<br>Marketing<br>Conferences<br>and training<br>Subscriptions||costs)|||831<br>827<br>469<br>357|1,048<br>910<br>1,257<br>357<br>1,939<br>21<br>11<br>3,669<br>764<br>104|
||Total charitable<br>activities|||11|E2,842,836 6 1,991,212|||





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|During the year, 1 employee<br>earne<br>5120,000).|d between 6120,00|0 and 5130,000(20|22: 1|between 5|110|,000and|
|---|---|---|---|---|---|---|
|||||2023||2022|
|TANGIBLE FIXEDASSET||Page||6||g|
|Fixtures, fittings and equipment|at cost||||||
|Balance at 1 January 2023||||2,472||2,472|
|Balance at 31 December 2023||||2,472||2,472|
|Accumulated<br>depreciation<br>Balance at 1 January 2023||||1,519||1,162|
|Charge for the year||||357||357|
|Balance at 31 December 2023||||1,876||1,519|
|Net BookValue at 31 December|2023|12|E|596|E|953|



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||||2023|2022|
|---|---|---|---|---|
|DEBTORS||||kestated)|
||||6|s|
|Donations<br>receivable (note 9)<br>HM Revenue<br>& Customs - Gift Aid|||3,000,000<br>12,779|5,500,000<br>13,059|
|Prepaid office|expenses||3,657|149|
|||12|E3,016,436|55,513,208|





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|||Page||2023|2022|
|---|---|---|---|---|---|
|CASH AT BANK||||6|6|
|Goldman Sachs Revenue Account||||439,593|887,902|
|Goldman Sachs Income Account (F1,800)||||2,077|1,955|
|||||441,670|889,857|
|Barclays Bank Euro Current Account<br>Barclays Bank Current Account GBP(f12,264)||||13,486<br>14,150|8,294<br>5,283|
|||12||E469,306|E903,434|
|CREDITORS - amounts<br>falling due|within one year|||||
|Grants payable<br>(note 8)<br>Invoiced - staff cost||19||25,000<br>35,407|155,000<br>31,562|
|Accountancy<br>fees||||7,782|7,402|
|Audit fees||||6,231|5,751|
|Credit card||||925||
|Expense control account<br>ITSupport||||387|872<br>272|
|||12||675,732|6200,859|
|CHARITABLE ACTIVITIES - GRANTS PAYABLE||||||
|At 31 December 2023, the following|grants were committed|to be paid|in|subsequent<br>years:||
|Payable within one year (note 7):<br>TechMeUp||||25,000|50,000|
|Article<br>1|||||105,000|
|Grants payable<br>within one year (notes 3 &7)||17&19||E 25,000|6 155,000|



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|adjustments|we|re necessa|ry:|||||
|---|---|---|---|---|---|---|---|
||||||2022|Prior year|2022|
|||||As previously|reported|adjustment|As restated|
||||||E|||
|Donations<br>and legacies<br>Net movement<br>offunds<br>Unrestricted<br>funds brought<br>Unrestricted<br>funds carried|||forward<br> forward||2,512,471<br>525,740<br>190,996<br>716,736|(2,500,000)<br>(2,500,000)<br>8,000,000<br>5,500,000|12,471<br>(1,974,260)<br>8,190,996<br>6,216,736|
|Debtors|||||13,208|5,500,000|5,513,208|
|Total net assets|||||716,736|5,500,000|6,216,736|





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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||||(restated)|
|FINANCIAL<br>INSTRUMENTS|||||||||
|Financial assets|measured|at|fair value|through|income and||||
|expenditure|||||||6469,306|6903,434|
|Financial assets|measured|at|amortised|cost through||income|||
|and expenditure|(note 9)||||||E3,012,779|65,513,059|
|Financial<br>liabilities measured||at amortised||cost|||E49,807|645,859|



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