2023-04-05-accounts

THE ALDAMA FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

		Page
Trustee's Annual Report		1-3
Independent Auditor's	Report	4-5
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Schedule ofInvestments and Income		9-10
Notes to the Financial	Statements	11-16

					2023	2023	2022
				Note	Unrestricted	Total	Prior year
					funds	funds	total funds
Income from:
Donations and		legacies			655,392	655,392	751,649
Investments					55,856	55,856	45,347
Total					711,248	711,248	796,996
Expenditure	on:
Raising funds					2,164	2,164	2,317
Charitable activities					628,005	628,005	3,291,643
Total					630,169	630,169	3,293,960
Net income/(expenditure)					81,079	81,079	(2,496,964)
Other recognised gains/(losses):
Gains/(losses)		on investment	assets		(246,670)	(246,670)	286,834
Gains/(losses)		on foreign currency			1,982	1,982
Net movement		in funds			(163,609)	(163,609)	(2,210,130)
Reconciliation		offunds:
Total funds brought forward				16	3,319,443	3,319,443	5,529,573
Total funds carried forward					3,155,834	3,155,834	3,319,443

				Note	2023	2022
					Total	Prior year
					funds	funds
Fixed Assets:
Invesunents					4,334,278	5,445,445
Total Fixed Assets					4,334,278	5,445,445
Current Assets.
Cash at beni&				12	680,735	390,372
Total Current Assets					680,735	390,372
Liabilities:
Creditors: Amounts	falling	due within one year		13	(839,179)	(986,374)
Net Current Assets or Liabilities					(158,444)	(596,002)
Total Assets less Current		Liabilities			4,175,834	4,849,443
Creditors: Amounts	falling	due after more than	1 year		(1,020,000)	(1,530,000)
Total Net Assets or Liabilities					3,155,834	3,319,443
The Funds ofthe Charity:
Unrestricted funds				16	3,155,834	3,319,443
Total Charity Funds					3,155,834	3,319,443

				Note	2023	2022
					Total	Prior year
					funds	funds
Cash generate from operating	activities:
Net cash provided by (used in) operating		activities		17	(631,972)	(532,112)
Cash flows from other sources:
Dividends, interest and rents from investments					55,856	45,347
Proceeds from sale ofinvestment					1,824,557	1,173,412
					1,880,413	1,218,759
Application ofcash:
Purchase ofinvestments					(958,078)	(751,649)
					(958,078)	(751,649)
Net increase/(decrease) in cash					290,363	(65,002)
Cash at bank and in hand less overdrafts		at	the beginning		390,372	455,374
ofthe year
Cash at bank and in hand less	overdrafts		at year end	18	680,735	390,372

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4	Donations	and legacies	and legacies					2023 f	2022
	Stocks and	shares git)ed by Settlors						655,392	751,649
								655,392	751,649
5	Investment		income					2023	2022
	Income from investments							49,507	45,185
	Gross bank		interest					6,302	162
	US Dollar	deposit interest						47
								55,856	45,347
6	Expenditure		on raising	funds				2023	2022
	Investment		management	fees				2,164	2,317
								2,164	2,317
7	Charitable		activities
					Direct costs	Support	costa	2023	2022
					(sce note 8) f	(see note 9)		Total	Total
	Charitable	expenditure			594,663		33,342	628,005	3,291,643

University of	Cambridge									200,000
Trussell Tmst										120,000
Fare Share										120,000
Thc Passage										50,000
World Monuments Fund										25,000
										515,000
Other grants (equal to or individually					less	than f20,000)				79,663
Total for the year										594,663
Analysis ofgrants made
							Grants	to	Grants to
							institutions		individuals	Total
									g
Prevention or	relief ofpoverty						50,000			50,000
Advancement	ofeducation						7,800			7,800
Advancement	ofhealth or		the saving oflives				150,000			150,000
Advancement	ofcitizenship		or community			development	10,000			10,000
Advancement	ofthe arts, culture, heritage					or science	158,863			158,863
Advancement	ofenvironmental			protection		or improvement	5,000			5,000
Relief ofthose	in need, by		reason ofyouth,			age, ill-health,
disability, financial		hardship			or other disadvantage		213,000			213,000
							594,663			594,663
Support costs									2023	2022
Administration	expenses								30,442	26,918
Bank charges									7	28
Legal Entity Identilication			number		I'ee					74
Portfolio Stewardship fees									2,893	3,309
									33,342	30,329

11	Fixed asset investments	Fixed asset investments	2023	2022
	Market value	brought forward	5,445,445	5,580,374
	Additions		958,078	751,649
	Less disposal	proceeds	(1,824,557)	(1,173,412)
	Net gains/(losses) on investments		(244,688)	286,834
	Market value	carried forward	4,334,278	5,445,445
	Geographical	analysis	2023	2022 f
	United Kingdom investments		4,334,278	5,445,445
			4,334,278	5,445,445

12	Cash at bank			2023	2022
	Royal Bank ofScotland			30,599	49,259
	Schroder &Co			650,136	341,113
				680,735	390,372
13	Creditors' .Amounts	falling due within	one year	2023	2022
	Trustees' fees			6,286	374
	Payments due to charities			830,000	986,000
	Portfolio Stewardship	Fees		2,893
				839,179	986,374
14	Creditors: Amounts	falling due after	more than one year	2023	2022
	Payments due to charities			1,020,000	1,530,000
				I 020000	1 530000

15	Commitments made					Annual	value	Number	Total
								ofyears
	No conditions attached.
	Francis Crick Institute						65,000		65,000
	Francis Crick Institute						60,000		120,000
	Fare Share					120,000			120,000
	Science Museum					100,000			300,000
	World Monuments	Fund				100,000			100,000
	Royal Botanic Gardens		I&ew				50,000		150,000
	Institute ofCancer	Research					60,000		120,000
	National Gallery					225,000			675,000
	University ofCambridge						50,000		200,000
									1,850,000
	Conditions attached:
	World Monuments	Fund					25,000	no limit set	n/a
	Sir John Soane Museutn						9,250	no limit set	n/a
	Deccan Heritage Gallery						5,000	no limit set	n/a
	Pallant House Gallery						1,000	no limit set	n/a
	Camden Music Trust						5,000	no limit set	n/a
	SAVE						25,000	no limit set	n/a
	Royal College ofMusic						14,500	no limit set	n/a
	AIDS Ark						10,000	no limit set	n/a
	Sussex Community	Foundation					10,000	no limit set	n/a
16	Movement in funds							2023	2022
									K
	Unrestricted funds;
	Balance brought forward							3,319,443	5,529,573
	Net movement in funds							(163,609)	(2,210,130)
	Balance carried fonvard							3,155,834	3,319,443
	Net movement in funds included			in the above are as follows;
								Gains and	Movement
					Income	Outgoings		losses	in funds
					8
	Unrestricted Funds				711,248	(630,169)		(244,688)	(163,609)

17	Reeoneiliation of	net income/(expenditure) to net cash flow from Operating	net income/(expenditure) to net cash flow from Operating	net income/(expenditure) to net cash flow from Operating	Activities
						2023	2022
	Net income/(expenditure)		(as per the Statement ofFinancial Activities)			81,079	(2,496,964)
	Adjustments for:
	Dividends,	interest	and rent from	investments		(55,856)	(45,347)
	Increase/(decrease)		in creditors			(657,195)	2,010,199
	Net cash provided	by/(used in) Operating		Activities		(631,972)	(532,112)

18	Reconciliation	ofnet income/(expenditure)	to net cash flow from Operating	Activities
					2023	2022
	Cash at bank and in hand				680,735	390,372
					680,735	390,372