2020-12-31-accounts - The Novak Djokovic Foundation (UK) Limited

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Currentflnanclal year
	UnrestdctedUnrastricted			TotaI		Total
		funds	funds
		genBraldesignat6d 2020 2020		2020		2019
	Notss	e	E	e		c
t!ca!n93!C-e!!!9w!neEh-tc4;
Oonations and legacies	2	't2,638	280,871	293,509		3
lnterestincome	3	64	,o:	167
Other incom6	4					560 J
Totalincome		12,702280,9?4293,676				7,494
E:.pcrdiE-re-eg Raising funds	5		'13,194 13,194			29,909
Charitableactivities	6	234	987,306987,540			42,029
Totalresoulces expended		2341,000,500		1,000,734		71,938
Net gains/(losses) on investments	11		(31,191)(31,191)197,807
Netincoming rcsourcosboforetransfer€		12,468	(75O,7',t7)(738,249)			'133,363
Grosstransfersbetweenfunds		2,144	(2,144)
Netincomlng rcsourcas		14,612(752,861)		(738,249)		133,363
otherrccognisedgainsand losses Othergalnsor losses	12		(1,630) (1,630)			(647)
Netmovementinfunds		14,6',t2	(7s4,4511	(739,879)		132,716
Fund balancesat 1January 2o2o		77,273	1,E23,542	1,900,815	1,768,099
Fundbalancssat3,December2020		91.88s	1,069,051	1,160,936	1,900,815

Prlorflnanclal year
		Unrcstdctod Unr€strictod				Total
		funds	funds
		generaldeBlgneted 2019 2019				2019
	Notes	€8				E
lncomoandendowments from:
Oonations and legacies	2	3,357				3,357
lnterestincome	3	577				577
Other income	4		3,560			3,560
Total income		3,934 3,560				7,494
ExDendltuteon:
Raisingfunds	5		29,909			29,909
Charitable activities	6	293	41,736			42,029
Totalresources oxpend6d		293	71,645			71,938
Net gains/(losses) on investments	,11		197,807		197,E07
Netincoming rcsourcesbeforetansfers		3,641129,722			133,363
Netincoming resources		3,641129,722			133,363
Otherrccognised galns and losses Othergainsor losses	12	5,43s	(6,0E6)			(647)
Netmovomentinfunds		9,060	123,636		132,716
Fund balancesatIJanuary2019		68,193	1,699,906	1,768,099
Fundbalancosat31Decembo.2019		77,273	1,823,542	1,900.8'15

		2020		2019
	Notes	€	E	e	e
Fixedassets
lnvestments	t3		440,276		1,779,S81
Curentassets
Debtors	t5	73,501		17,327
Cash at bank and in hand		649,859		106,207
		723,360		123,534
Credltors: amountsfallingduewithin oneyear	t6	(2,700)		(2,700)
Netcunentassets			720,660		120.834
Totalassetslesscurrentliabilities			1,160,936		1,900,815
lncomefunds
Unrestrictedfunds
Designated funds:
Novak Djokovic donationfund		'1,069,051		1,823,542
	18	1,069,051		1,823,542
General unrestrictedfunds		91,785		77,'173
Share capital		100		100
			1,160,936		1,900,8'15
			1,160,936		I,900,815

Donationsandlegacles
	Unrostricted Unrestrictod tunds funds	TotalUnrestricled funds
	generaldesignated 2020 2020 €e	2020 e€	general 2019
Donations andgifts	12,638280,871	293,509	3,357

Unrestri ctedUnrcstricted tunds funda	TotalUnrestrictod fund6	TotalUnrestrictod fund6
genoralde3lgnated 2020 2020 fe	2020 €e	gen6rzll 2019
'103 64	to/

	UnrestrlctedtJnrestricled	UnrestrlctedtJnrestricled
	funds	funds
	designataddesignated 2020 2019 te
Fundraisino andpublicitv
Support costs	4,680	19,901
lnvestment manaoemenl	8,514	10,00E
	'13,194	29,909

6	Charitableactivitios
		CharitableCharitable
		ExpenditureExpenditure 2020 20.t9
		€€
	Granttundingofactivities(see note 7)	951,319
	Share of supportcosts(see note 8)	35	3,780
	Shareotgovernance costs (seenote8)	36,186	38,249
		987,540	42,029
	Analysisbytund
	Unrestricted funds - general	234	293
	Unrestricted funds - designated	987,306	41,736
		987,540	42,029
7	Grantspayable
		2020	2019
		e	€
	Grantsto inslitutions
	NDF Serbia	951,319

Support costs
	Suppolt Govemance costs cosb		2020	SupportGovernanoe costs costs		2019
	C€		c	ee		e
Staffcosts				7,327	3,664	10,991
Bank charges	7A		105	231	115	346
PR, media&advertising				10,800		10,800
Travel, hotels,
subsistence						2
Subscriptions	4,645		4,645	5,321		5,321
lndependent
examinationfees		2,740	2,700		3,150	3,150
Legal andprofessional		7,068	7,068		4,970	4,970
Accountancy fees		25,560	25,560		26,022	26,022
Other administrative
charges		269	269		328
lnsurance		554	554
	4,715	30,186	40,s01	23,681	3E,249	61,930
Analysedbetween
Fundraising	4,680		4,680	19,901		19,901
Charitable activities		36,186	J0,zzI	3,780	38,249	42,029
	4,715	36,166	40,901	23,661	38,249	61,930

Othergains or losses
	Unrcstrlctod funds	TotalUnrestrictedUnrestricled funds funds		Total
	deslgn8t8d 2020 e	2020 fce	generaldesignated 2019 2019	2019 e
Foreign exchangegains	1,630	1,630	(5,439)6,086	647

	Listed investments	Propsrty	Cashin portfolio	Total
	e	e		€
Cost orvaluation
At1January2020	1,659,867		120,114	1,779,981
Additions	1'17,411	4,672	(122,083)
Valuation changes	(57,s88)	491		(s6,897)
lnvestmentincome	25,477		229	25,706
Management fees			(8,s14)	(E,s14)
Trangfers	(25,477)		25,477
Disposals	(1,310,419)		1,310,4'19
Wthdrawals			(1,300,000)	(1,300,000)
At 31 December 2020	409,471	5,163	25,642	440,276
Carrying amount
At3'lDecember 2020	409,471	5.163	25,642	440,276
At31 Oecember 2019	1,659,867		120,114	'I,779,981
			2020 e	2019t
lnvestmentsatfairvaluecomprise:
Equities			215,076	969,611
Fixed interestsecurities			1%,395	690,256
Property			5,163
Cash held withintheinvestmentportfolio			25,642	120,114
			440,276	1,779,981

14	Financialinstruments	2020t	20.t9 e
	Carrylng amountofllnanciala$ots
	lnstrumentsmeasured at fair valuethroughprofitor loss	440,276	'1659,867
'15	Debtors
		2020	2019
	Amounta fallingduewithinoneyear:	e	€
	Amount owed byparentundertaking	17,327
	Other debtors	56,174
		73,501	17,327

16	Amounts owedbygroup undertakings relatetoamounts Foundation(USA). crsditors:amounts fallingduewilhinoneyear	dueattheyearend fromtheNova	kDiokovic
		2020	2019
		e	E
	Accrualsand deferred ihcome	2,700	2,700
17	Sharecapital	2020	2019
		e	e
	Ordinarysharecapital
	lssuedandtullypaid
	100ordinarysharesofe1 each	100	100