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