2022-04-05-accounts

24 January

	Note	2022	2021
		£	£
IncomeandExpenditure
Incomefrom:
Investments	2	43,759.67	51,448.37
		43,759.67	51,448.37
Expenditureon:
RaisingFunds
InvestmentManagementFees		9,380.94	10,507.19
Charitableactivities
Donations	9	400,344.42	455,553.94
Fundingcommitments	10	23,981.94	1,792,268.01
OtherExpenditure
MacfarlanesFees		18,600.00	18,600.00
AccountancyFees		4,500.00	5,100.00
ConsultancyFeesandExpenses
PercebePesquisa		4,556.73
CepedaFees		-	236.64
BankCharges		831.78	407.58
LEIRegistrationFee		78.00
TotalResourcesExpended		462,273.81	2,282,673.36
Realisedgains(losses)		(6,178.90)	90,819.82
Unrealisedgains(losses)		57,749.34	(414,861.56)
NetCurrencygains(losses)		11,873.26	(83,261.89)
Netgains(losses)oninvestments	5	63,443.70	(407,303.63)
Netmovementinfunds		(355,070.44)	(2,638,528.62)
Fundbalancesat6April2021		2,371,954.30	5,010,482.92
Fundbalancesat5April2022		£2,016,883.86	£2,371,954.30
Allfundsareunrestricted

2022	2021
£
1,766,776.59	3,849,289.82
1,380,682.95	34,929.29
(356,858.46)	(454,676.46)
£1,023,824.49	(£419,747.17)
(773,717.22)	(1,057,588.35)
£2,016,883.86	£2,371,954.30
£2,016,883.86	£2,371,954.30

2	IncomefromInvestments	2022	2021
		£
	IncomefromOverseasSecurities	43,759.67	51,448.37
		43,759.67	51,448.37

5	Netgains/(losses)onInvestments	2022	2021
		£	£
	RevaluationofInvestments	57,749.34	(414,861.56)
	Gain/lossonSaleofInvestments	(6,178.90)	90,819.82
	Currency	11,873.26	(83,261.89)
		63,443.70	(407,303.63)
6	FixedAssetInvestments	2022	2021
		£	£
	ListedInvestments	1,766,776.59	3,849,289.82
		1,766,776.59	3,849,289.82
	ListedInvestmentsincludedabove:
	OverseasSecurities	1,766,776.59	3,849,289.82

	MovementsinFixedAssetInvestments	2022	2021
		£	£
	CostorValuation
	At5April2021	3,849,289.82	4,873,283.86
	Additions		4,792,999.00
	ValuationChanges	57,749.34	(414,861.56)
	Disposals	(2,140,262.57)	(5,402,131.48)
	At5April2022	1,766,776.59	3,849,289.82
	CarryingAmount
	At5April 2022	1,766,776.59	3,849,289.82
7	FinancialInstruments
		2022	2021
		£	£
	CarryingAmountofFinancialAssets	1,766,776.59	3,849,289.82
	Equityinstrumentsmeasuredatfairvalue
	throughprofitorloss	1,766,776.59	3,849,289.82
	CarryingAmountofFinancialLiabilities
	Measuredatamortisedcost	1,130,575.67	1,512,264.81
	FinancialLiabilities:breakdown
	Amountsfallingduewithinoneyear:
	AccountancyFees	4,500.00	5,100.00
	MacfarlanesFees	2,400.00	2,400.00
	Fundingcommitments	349,958.46	447,176.46
		356,858.46	454,676.46
	Fundingcommitmentsdueafteroneyear	773,717.21	1,057,588.35
		1,130,575.67	1,512,264.81
8	Cashatbankandinhand
		2022	2021
		£	£
	Macfarlanes	9,330.49	3,108.49
	Itat_iPrivateBank:
	GBPCurrentAccount	26.86
	US$CurrentAccount($1,794,447.85)	1,371,308.08	31,820.80
	EuroCurrentAccount(€21.01)	17.52
		1,380,682.95	34,929.29

CharitableDonationsmadebyTheTrust
	2022	2021
	£	£
ArtConvergences	8,048.98
CAISMJairMari	45,481.91
FundacaoPro-Saber	36,640.75	40,300.13
InstituteABCD	175,748.48	395,344.64
SPDMAssociacaoPaulistaParaDesen	-	19,909.17
Y-Mind/AmeSuaMente	134,424.30
	£400,344.42£	455,553.94

OverseasSecurityInterest
	Holding	Date	Gross	Tax	Net
BancoBradesco(Grand
CaymanBranch)5.75%
1.3.2022	200,000.00	01/09/21	4,171.91		4,171.91
		01/03/22	4,316.96		4,316.96
BancodoBrasil(Grand
CaymanBranch)5.875%
26.01.22	200,000.00	26/07/21	4,249.42		4,249.42
		26/01/22	4,347.35		4,347.35
CitigroupInc4.5%14/01/2022	189,000.00	14/07/21	3,068.58		3,068.58
		14/01/22	3,111.24		3,111.24
GoldmanSachs5.25%
27.07.21	190,000.00	27/07/21	3,592.42		3,592.42
ItauUnibanco6.2`)/021.12.21	200,000.00	21/06/21	4,451.69		4,451.69
		21/12/21	4,680.97		4,680.97
MorganStanley4.1%22.05.23	183,000.00	22/05/21	2,651.14		2,651.14
		22/11/21	2,797.14		2,797.14
Naturacosmeticos5.375%
01.02.23	200,000.00	21/05/21	2,320.85		2,320.85
			43,759.67		43,759.67

2)	Investmentsheldat5	Investmentsheldat5	April2021		Investmentsheldat5April2022	Investmentsheldat5April2022	Investmentsheldat5April2022
						Costor
	Holding	Cost	Market	Holding	Cost	2021	Market	Unrealised
			Value			Adjusted	Value	gains/(losses)
						Value
AmundiFunds
SICAVCash
USD	5,889.81	510,655.45	463,149.00	2,459.82	213,270.17	193,429.53	205,347.65	11,918.12
Banco
Bradesco
(Grand
Cayman
Branch)5.75%
1.3.2022	200,000	171,029.03	149,982.40
Bancodo
Brasil(Grand
Cayman
Branch)
5.875%
26.01.22	200,000	170,806.15	150,461.40
CitigroupInc
4.5%
14/01/2022	189,000	163,844.50	141,716.31
Goldman
Sachs5.25%
27.07.21	190,000	163,805.82	140,013.36
ItauBBA
International
Plc	1,209,000	915,843.13	867,346.88
ItauUnibanco
6.2%21.12.21	200,000	168,468.26	149,303.51
JPMorgan
LiquiditySICAV
USDFundA	78.766	874,247.41	790,883.44	66.59	739,102.34	668,625.15	710,163.44	41,538.29
MFSMeridian
FundsSICAV
USGovtBond
FundAl	36,307.054	560,505.55	489,634.66	36,307.054	560,505.55	489,634.66	494,150.36	4,515.70
Morgan
Stanley4.1%
22.05.23	183,000	160,467.46	142,851.12	183,000	160,467.46	142,851.12	142,364.94	(486.18)
Natura
Cosmeticos
5.375%
01.02.23	200,000	166,236.79	149,460.95
Nordea1
SICAVUS
CORPBOND
FUNDBP	17,910.448	238,241.83	214,486.79	17,910.448	238,241.83	214,486.79	214,750.20	263.41
		£4,264,151.38	£3,849,289.82		£1,911,587.35	£1,709,027.25	£1,766,776.59	£57,749.34

Acquisitions
	Holding	Date		Cost/Book	Event
				Value
				0.00
Disposals
	Holding	Date	MarketValue	Proceeds	Profit/(Loss)	Event
			£	£	£
AmundiFunds
SICAVCash
USD	1,828.99	14/07/21	143,823.81	144,332.24	508.43	Sale
	1,601.00	15/07/21	125,895.66	126,630.49	734.83	Sale
Banco
Bradesco
(Grand
Cayman
Branch)5.75%
1.3.2022	200,000	01/03/22	149,982.40	150,155.00	172.60	Sale
Bancodo
Brasil(Grand
Cayman
Branch)
5.875%
26.01.22	200,000	26/01/22	150,461.40	147,995.00	(2,466.40)	Sale
CitigroupInc
4.5%
14/01/2022	189,000	14/01/22	141,716.31	138,277.13	(3,439.18)	Sale
Goldman
Sachs5.25%
27.07.21	190,000	27/07/21	140,013.36	136,854.15	(3,159.21)	Sale
ItauBBA
International
Plc	1,209,000	02/08/21	867,346.88	870,035.09	2,688.21	Sale
ItauUnibanco
6.2%21.12.21	200,000	22/12/21	149,303.51	150,999.00	1,695.49	Sale

JPMorgan
Liquidity
SICAVUSD
FundA	12.176	08/04/21	122,258.29	123,695.10	1,436.81Sale
Natura
Cosmeticos
5.375%
01.02.23	200,000	21/05/21	149,460.95	145,110.47	(4,350.48)Sale
Totals			£2,140,262.57	£2,134,083.67	(£6,178.90