Char5ty Registration Number: 1133744 THE ABCD CHARITABLE TRUST ACCOUNTS For the year to 5 Aprll 2024
THE ABCD CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Settlor: Guillain Patrice Louis Marie de Camaret Governing Instrument: Trust Deed dated 23 December 2009 Trustees: Guillain Patrice Louis Marie de Camaret Timothy Robin Vos Nicolas Louis de Camaret Jean-Louis de Montesquiou Fezensac D'Artagnan Marcela de Castro Bastos Aldo Laurence Maria Coronelli Hendrik Guillaume Francois van Riel (appointed on 02106123} Charity Address: MaGfarlanes LLP 20 Cursitor Street London EC4A 1 LT Charity Registration Number: 1133744 Solicitors: Macfarlanes LLP 20 Cursitor Street London EC4A 1 LT Investment Managers: Squanto Participacoes Ltda Rua Pedroso Alvarenga 1046, Suiles 1571158 Itaim Bibi 04531-004 Sao Paulo Brazil Custodians: Itau Private Bank Bleicherweg 30 CH-8002 Zurich Switzerland Independent Examiner: Emily Smith FCA Humphrey & Co Chartered Accountants 7- 9 The Avenue Eastbourne East Sussex BN213YA
THE ABCD CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Truslees present their annual report and financial statements of the charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. Structure, Governance and Management The ABCD Charitable Trust is a general Charitable Trust governed by a Trust Deed dated 23 December 2009 and is a registered Charily number 1133744. The Trustees who served during the year and who were subsequently appointed were-. Guillain Patrice Louis Marie de Camaret Timothy Robin Vos Nicolas Louis de Camaret Jean-Louis de Montesquiou Fezensac D'Artagnan Marcela de Castro Bastos Aldo Laurence Maria Coronelli Hendrik Guillaume Francois van Riel (appointed on 0210612023) Under the terms of the Trusl Deed the power of appointing new Trustees is exercisable by the Settlor during his lifetime and thereafter by the surviving or continuing Trustees. Trustees are selected having regard to experience, including in relation to the scope of objects of the Trust and receive an initial briefing, with scope for further training if considered appropriate by the existing trustees, regarding general and specific procedures. Trustee decisions are made primarily via a combination of conference discussions and email exchanges between the Trustees, with day-to-day administrative duties delegated to the Trustees, solicitors and investment managers as appropriate. The Trustees provide significant funding lowards the work of Instituto ABCD, a charitable organisation registered in Brazil. As part of the Trustees, monitoring role in relation to the use of funds provided, Ihree Trustees have been Associates of the Instituto ABCD. Guillain Patrice Louis Marie de Camaret is a Founder Associate, Marcela de Castro Bastos is an Associate and Nicholas Louis de Camaret is the CEO, Director and an Associate of the Institulo ABCD. Squanto Participacoes Ltda were appointed on 16 June 2011 as the Trust's investment adviser whose brief is to advise and manage an investment portfolio on a discretionary basis. Guillain Patrice Louis Marie de Camaret and Nicolas Louis de Camaret are shareholders of the Company and Nicolas Louis de Camaret is also its administrator. Custody and advisory services are provided by Banco Itau (Suisse) S.A. Investments held at 5 April 2024 were acquired in accordance with the powers of the Trustees. The Trustees, with the aid of their investment advisers, maintain a regular review over the major strategic, investment and operational risks that the charity faces in order that, wherever possible, such risks can be identified and accordingly steps taken to lessen these risks. Where support is given to overseas organisations a Trustee will periodically visit key projects. In addition regular financial and progress reports are required from the donee organisation which are in turn scrutinised by the Trustees.
THE ABCD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 Objectives and Activities for the Public Benefit The ABCD Charitable Trust (the °Charity') was established by Patrice de Camaret by a trust deed dated 23 December 2009 (the 'Trust Deed"). In accordance with clause 3 of the Trust Deed, the trustees of the Charity must apply the Charity's assets for such charitable purposes as the truslees determine. In the Trust Deed, °charitable purposes" are defined as 'purposes which are wholly and exclusively charitable according to the law of England and Wales.. The Charity's purposes are therefore flexible and broad. Without limiting their discretion to apply the Charity's assets in accordance with these broad charitable purposes, the trustees of the Charity wish to record the charitable purposes on which they have focussed since the creation of the Charity and on which they intend to continue to focus as well as some additional areas subsequently agreed by the trustees. These are as follows.. research into, treatment of and assisting those who are affected by learning differences or difficulties, (particularly dyslexia) or by other medical conditions, and including mitigating the effects of those learning differences or difficulties or other medical condilions., training teachers in relation to identifying and dealing with learning differences or difficulties., promotion of mental health literacy; research into and treatment of diseases of the brain, neurobiology and psychiatric disorders or research into, training and teaching in other fields of medicine., and promotion of education in general. The trustees intend principally to support other entities (both charitable and non-charitablel which will promote or further the Charity's charitable objectives as set out above. They will do this through the provision of grants and by making programme-related or outcomes-based investments. Some programme-related inveslments may be °mixed motive. investments, seeking both a programme- related and financial return. The entities which the Charity will support will focus on projects or research principally in Brazil, Ihe US and the UK, but also worldwide. The trustees reserve the right to amend these objectives or to apply the Charity's funds outside these objectives at any time, provided always that the Charity's funds are applied in the Charity's best interests and in accordance with English charity law. Achievements and Performance The Trustees continued their policy of making donations to various charities involved with education projects in Brazil and the United States of America. New donations totalling £339,127.72 (£795,109.58 to 5 April 2023) were made during the year. Details of the donations are shown in Note 10 to the Accounts. In addition, the Trustees previously committed to fund two long-lerm projects of the Johns Hopkins University. During the year to 5 April 2024, two payments totalling £371,535.20 ($480,000.00) (2023: £398,462.80 {$480,000.00)) were made to Johns Hopkins University as part of the funding commitments. Details of the funding commitments are shown in Note 11 to the Accounts. The Trustees aim to mainlain investments for capital growth and to maintain cash funds sufficient lo fund anticipated charitable donations over the coming year.
THE ABCD CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 Investment Performance The Trustees have employed discretionary investment managers to manage the assets of the charity. The investmenl managers, remit is to provide a medium risk portfolio thai protects the value of the capital and at the same time delivers good quality regular returns. The returns from the charity investments were broadly in line with the adopted benchmark. The Trustees actively monitor the work of the investment managers and believe that an appropriate investment strategy is in place for the medium to long term. In accordance with the Itau Private Bank mandate, the Trustees have a low to moderate tolerance for risk and expect a low to moderate rate of return on their investment. Financial Review At the year end funds totalled £954,080.47 in comparison to £1,303,383.35 as al 5 April 2023. The majority of the investment portfolio 15 held in US dollars and these accounts are presented in Sterling. The exchange rale has therefore had an effect on the values presented in these accounts as at 5 April 2024. The principal funding source of the trust has been donations from the Settlor, subsequently invested to generale income and capital returns. The reserves generaled from these sources are unrestricled as to use for the charitable purposes of the Trustees described above. The Trustees plan to continue their existing activities by funding further annual budgeted expenditure of Instituto ABCD, and other charitable expenditure within their objectives.
THE ABCD CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charilies in England and Wales requires the Truslees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these accounts, the Truslees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP., make judgemenls and estimates that are reasonable and prudent. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. prepare the financial slatements on the going concern basis unless it is inappropriate to presume that the trust will continue its aclivities. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure thal the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees for the purpose of charity law who served during the year and up to the date of this report are set out on page 1. Approved by the Trustees and signed on their behalf by: Dated 2024
THE ABCD CHARITABLE TRUST Independent Examiner's Report to the Trustees of the ABCD Charitable Trust I report to the Trustees on my examination of the accounts of the The ABCD Charitable Trust (the Trust) for the year ended 5 April 2024 which are set out on pages 7 to 16. Responsibilities and basis of report As the charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trustees, accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the 2011 Act. Independent Examiner's Statement I have compleled my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1.) accounting records were not kept in respect of the Trusl as required by section 130 of the Act- or 2.) the accounts do not accord with those records., or 3.1 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matlers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Emily Smith FCA Humphrey & Co Chartered Accounlants 7-9 The Avenue Eastbourne East Sussex BN213YA Date . 9 December .2024
THE ABCD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT For the year to 5 April 2024 Note 2024 2023 Income and Expenditure Income from: Investments 26,727.61 26,727.61 18,105.92 18,105.92 Expenditure on: Raisin Funds Investment Management Fees 6,642.86 7,304.82 Charitable activities Donations Funding commitments 10 11 339,127.72 12,023.03 795,109.58 17,713.44 other Ex enditure Macfarlanes Fees Independent Examination Fees Consultancy Fees and Expenses Percebe Pesquisa John Venn & Sons - Notary Fees Bank Charges LEI Registration Fee 26,850.00 2,760.00 22,650.00 4,440.00 9,879.84 556.00 162.92 60.00 297.18 78.00 Total Resources Expended 388,182.53 857,472.86 Reallsed gains (losses) Unrealised gains (losses) Net Currency gains (losses) 23,551.93 (16,709.81) 5,309.92 44,975.09 {12,932.83} 93,824.17 Net gains (losses) on investments 12,152.04 125,866.43 Net movement in funds (349,302.88) (713,500.51) Fund balances al 6 April 2023 1.303,383.35 2,016,883.86 Fund balances at 5 April 2024 £954,080.47 £1,303,383.35 All funds are unrestricted
THE ABCD CHARITABLE TRUST BALANCE SHEET at 5 April 2024 Note 2024 2023 Fixed Assets Investments (at Fair Value) 1,374,549.91 2,271,673.54 Current Assets Cash at bank and in hand 20,286.54 130,903.60 Current Liabilities Creditors.. Amounts falling due within one year {222,364.26) (659,372.72) Net Current Assetsl(Liabilities) (£202,077.72 £528,469.12 Long Term Liabilities Creditors.. Amounts falling due beyond one year (218,391.72) (439,821.07) Total assets less current liabilities £954,080.47 £1,303,383.35 Unrestricted Funds £954,080.47 £1,303,383.35 The accounts were approved by the Trustees on ryt f .2024 Timothy Robin Vos
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 1 Accounting Policies Charity Information The ABCD Charitable Trust is a general Charitable Trust governed by a Trust Deed daled 23 December 2009 and is a registered Charity number 1133744. 1.1 Accountlng Convention These Accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland ( FRS 102), "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting PraGliGe as it applies from 1 January 2019. The Charity is a Public Benefit Entity as defined by FRS 102. The Accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statemenl of Recommended Practice for charities applying FRS 102 ralher than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The Accounts have been prepared under the historical Gost convention. The principal accounting policies adopted are set oul below. The Accounts are prepared in sterling. 1.2 Going Concern At the time of approving the Accounts, the Trustees have a reasonable expectation that the Charily has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the Accounts. 1.3 Charitable Funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 1.4 Incoming Resources Income is recognised when the charity is legally entitled to il after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that the income will be received. The Charity is a registered Charity and therefore is not liable for income tax or corporation tax on income derived from its charilable activities, as it falls within the various exemptions available to registered charities. 1.5 Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred.
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Costs of generating funds comprise the Inveslment Managers, costs associated with the management of the investment portfolio in accordance with the strategy set by the Trustees. Charitable expenditure in the form of donations payable is accounled for as and when approved by the Trustees and when due for payment. Funding commitments have been calculated by the amortised cost method using an average return of investment rate. Other costs include those costs associated with meeting the constitutional and statutory requirements of Ihe Charity and include the independent examination fees and legal costs linked to strategic management of the Charity. 1.6 Fixed Asset Investments Investments are included on the Balance Sheet at their fair value at the end of the financial period. Listed investments are slated at the mid prices provided by the Fund Managers for the unit trust holdings. Gains and losses on investment assets are credited, or debited, to the Statement of Financial Activities in the year in which they arise. 1.7 Current Asset Investments Financial assets classified as current asset investments are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss. Fair value is derived from the professional valuation obtained at the period end. Short-term inveslments due held for sale within 12 months of the year-end are trealed as current asset investments. 1.8 Foreign currency translation Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Realised and unrealised gains relating to the investment portfolio are Iranslated at the year-end rate. Other transactions in foreign currencies are recorded at the rate ruling at the date of the transaction or published average rate for the financial year. Foreign exchange gains or losses incurred in respect of overseas transactions are taken to the Statement of Financial Activilies. 1.9 Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 1.10 Cash and Cash Equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Financial Instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Inslruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. 10
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to Ihe contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slatements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. Basic Financial Assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective inlerest method unless the arrangement constitutes a financing Iransaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic Flnancial Liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from supplier. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method. Derecognition of Financlal Llabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.12 Critical Accounting Estimates and Judgements In application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. In the year ended 5 April 2024 the Trustees consider that there were no critical accounting estimates arising that require disclosure.
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Critical Judgements The following judgement (apart from those involving estimates) has had the most significant effecl on amounts recognised in the financial statements. Fundlng Commitment The Trustees have calculated the average return on investment rate to be 1.5 %. This is based on the income received in 2021 from the investments held al fair value as at 5 April 2021, which is still considered an appropriate basis for the discounting of funding commitments. 12
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 5 APRIL 2024 2 Income from Investments 2024 2023 Income from Overseas Securities Interest on Cash Deposits 26,545.28 182.33 18,105.92 26,727.61 18,105.92 3 Independent Examination Fees 2024 2023 The analysis of fees is as follows.. Independent examination of the Charity's accounts 2,760.00 4,440.00 4 Trustees None of Ihe Trustees (or any persons connected with them} received any remuneration, benefits or expenses. 5 Employees There were no employees during the year. 6 Net gainsl{losses) on Investments 2024 2023 Revaluation of Investments Gainlloss on Sale of Investments Currency (16,709.81) 23,551.93 5,309.92 12,152.04 (12,932.83) 44,975.09 93,824.17 125,866.43 7 Flxed Asset Investments 2024 2023 Listed Investments 1,374,549.91 1,374,549.91 2,271,673.54 2,271,673.54 Listed Investments included above.. Overseas Securities 1,374,549.91 2,271,673.54 Flxed Asset Investments Revalued Investments are included on the Balance Sheet at their fair value al Ihe end of the financial period. Listed inveslments are stated at the mid prices provided by the Fund Managers for the unit trust holdings. The historical cost of the fixed asset investments is £1,513,125.11 (2023 £2,412,012.00) 13
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 5 APRIL 2024 Movements In Fixed Asset Investments 2024 2023 Cost or Valuation At 5 April 2023 Additions Valuation Changes Disposals 2,271,673.54 409,294.24 (16,709.81 } 11,289,708.06} 1,766,776.59 955,881.53 112,932.83) (438,051.75) At 5 April 2024 1,374,549.91 2,271,673.54 Carrying Amount Al 5 April 2024 1,374,549.91 2,271,673.54 8 Financial Instruments 2024 2023 Carrying Amount of Financial Assets Equity instruments measured at fair value through profit or loss 1,374,549.91 2,271,673.54 Carrying Amount of Financial Liabilities Measured at amortised cost 440,755.98 1,099,193.79 Finan¢lal Liabilities: breakdown Amounts falling due within one year: Independent Examination Fees Macfarlanes Fees Funding commitments Instituto ABCD 3,600.00 3,600.00 215,164.26 4,440.00 3,600.00 373,296.04 278,036.68 659,372.72 222,364.26 Fundlng commltments due after one year 218,391.72 439,821.07 440,755.98 1,099,193.79 9 Cash at bank and in hand 2024 2023 Macfarlanes Itau Private Bank GBP Current Account US$ Current Account ($22,466.26) Euro Current Account (É21.01) 2,418.82 3,302.49 119.71 17,729.99 18.02 23.71 127,559.01 18.39 20,286.54 130,903.60 14
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 5 APRIL 2024 10 Charitable Donations made by The Trust 2024 2023 Inslituto ABCD Y-MindlAme Sua Mente 339,127.72 726,845.15 68,264.43 339,127.72 795,109.58 11 Funding Commitment At 11 June 2019 the charity had entered inlo a funding commitment to provide a donation to the Johns Hopkins University for the use and benefit of The James Buchanan Brady Urological Institule of US$ 200,000 per annum over five years. There are no performance related conditions attached to the commitment. The commitment had been calculated by the amortised cost method using an average return of investment rate calculaled at 1.5 /0 per annum. During the year, a payment of £152,690 was made as part of the funding commitment. The funding commilment has now been fulfilled. At 21 January 2021 the charity had entered into a funding commitment lo provide a total donation to the Johns Hopkins University for the use and benefit of The Department of Psychiatry and Behavioral Sciences of US$280,000 per annum over five years. There are no performance related conditions attached to the commitment. The commitment has been calculated by the amortised cost method using an average return of investment rate calculated at 1.50/0 per annum. At the year end the commitment due within one year was calculated as £215,164.26 (US$271.785.29) (2023.. £215,047.77 IUS$267,768.76)) and is shown in current liabilities. The commitment due after one year is £218,391.72 {US$275,862.07) (2023.. £439,821.07 (US$547,647.36)) and is included within long term liabilities. During the year, a payment of £218,845.20 was made as part of this funding commitment. 15
THE ABCD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO S APRIL 2024 12 Related Party Transactions Transactions with related parties During Ihe period under review Robin Vos was employed by Macfarlanes LLP who have provided legal services lo the Charity. Fees totalling £26,850.00 (2023-£22,650.00) were paid during Ihe year. During the period under review Guillain Patrice Louis Marie de Camaret, a Trustee and Settlor of the Charity, Marcela de Castro Bastos, a Trustee, and Nicholas Louis de Camaret, a Trustee, were also Associales of Instituto ABCD. Nicholas Louis de Camaret is on the Board of Directors of Instituto ABCD and is Ihe organisation's CEO. This structure has been undertaken so Ihat the Trustees can ensure funds are being spent in line with the budget and intended purposes. Guillain Patrice Louis Marie de Camaret and Nicholas Louis de Camaret are shareholders of Squanto Participacoes Ltda (the Charity's Inveslment Managers}. Nicholas Louis de Camarel is also the company's administrator. Instituto ABCD is a charitable organisation registered in Brazil. Donations totalling £339,127.72 (2023.. £726,845.15) were made to Institulo ABCD in Ihe year. 16
THE ABCD CHARITABLE TRUST APPENDIX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 (these notes do not form part of the statutory Accounts) 11 Income from Investments Overseas Security Interest Holding Date Gross Tax Net Banco Bradesco (Grand Cayman Branch) 5.750/0 1.3.2022 200,000 27107123 200,000 29101124 2,491.82 2,523.34 2,491.82 2,523.34 Dupont de Nemours 4.493 % 15.11.25 200,000 15105123 200,000 15111123 3,585.28 3,614.21 3,585.28 3,614.21 General Motors 6.8 % 1.10.27 205,000 02110123 205,000 01104124 5,754.33 5,556.34 5,754.33 5,556.34 Morgan Stanley 4.10/0 22.05.23 183,000 22105123 3,019.96 3,019.96 26,545.28 26,545.28 The above Overseas Securities are held in US Dollars and translated to Sterling in accordance with the Accounting Policy on foreign currency translation.
THEA8CD CHARITABLE TRUST APPENDIX TO THE ACCOUNTS FOR THE YEAR ENDED S APRIL 2024 Ilhese note5 do not form part of the statulory Accounlsl 21 Invèstmènts hèld at 6 April 2023 Investments httld 8t 5 April 2024 Cost or Holdlng Cost Market Valuè Holdlng Cost 2023 Adlusttd Value Market Value Unrea115ed galnslllossesl Atnunrfi Funds SICAV Cash USD 2,087.765 190.493.75 190.493.75 196.041.09 5.547.34 B8nco Bradesco G 3.2 27.01.25 200.000.00 166,026.99 154,830.69 200,000.00 166,026.99 154,830.69 155,332.69 502.00 CD IBBAI O 27.10.23 527.000.00 431.997.55 407,357.23 Dupont de Nemours 4.493% 15.11.25 200.000.00 174.723.39 163,544.16 200.000.00 174.723.39 183,544.16 158.963.03 14.581.131 General Motors 8.8% 1.10.27 205.000.00 183.133.60 174,689.59 205,000.00 183.133.60 174,689.59 169,507.15 15,182.441 JPMorg8n Liquidily SICAV USD Fund A 44.77 496,915.63 514.626.93 MFS MeDdi8n Funds SICAV US Govi Bond Fund A1 36,307.054 560,505.55 497.153.42 36,307.054 560.505.55 497,153.42 480,586.39 116.567.031 Morgan Slanley 4.1% 22.05.23 183,000 160,467.46 148.923.41 Nordea 1 SICAV US CORP BOND FUND BP 17,910.448 238,241.83 210.548.11 17.910.448 238.241.83 210,548.11 214,119.56 3,571.45 £2.412.012.00 t2.271.673.54 t1,513,125.11 £1.391.259.72 £1.374.549.91 1£16.709.811
THE ABCD CHARITABLE TRUST APPENDIX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 (these notes do not form part of the statulory Accounts} The acquisitions and disposals of investments are set out below=. Acquisitions Holding Date CostlBook Event Value Amundi Funds SICAV Cash USD 2,813.928 20106123 30106123 08111123 251.288.28 Purchase 40.60 Capitalised interest 157,965.36 Purchase 1,671.837 409,294.24 Disposals Holding Date Market Value Proceeds ProfiV(Loss) Event Amundi Funds SICAV Cash USD 2,398 22112123 218,800.49 220,388.70 1,588.21 Sale CD IBBAI O 27.10.23 346,000 181,000 18104123 27110123 267,448.96 139,908.27 269,280.99 149,147.62 1,832.03 Sale 9,239.35 Sale JPMorgan Liquidity SICAV USD Fund A 16.00 28.77 12107123 24110123 183,918.49 330,708.44 178,988.67 348,139.01 (4,929.82) Sale 17,430.57 Sale Morgan Stanley 4.1 % 22.05.23 183,000.00 22105123 148,923.41 147,315.00 (1,608.41) Sale Totals £1,289,708.06 £1,313,259.99 £23,551.93