2021-12-31-accounts - The Global Fund For Forgotten People, Order Of Malta

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Trustees			RA Fitzalan Howard esq.
			Baron A Gvon Boeselager
			Count M LW F K Henckel von	Donnersmarck
			Mrs LS-CSimpson
			Prince D L G J M de La Rochefoucauld-Montbel
Charity number			1148427
Company	number		08107614
Registered		oNce	30Upper High Street
			Thame
			Oxfordshire
			OX9 3EZ
Auditor			Richardsons
			30Upper High Street
			Thame
			Oxfordshire
			OX9 3EZ
Bankers			C.Hoare &Co.
			37Fleet Street
			London
			EC4P 4DQ
Solicitors			Bates Wells
			10Queen Street Place
			London
			EC4R 1BE
Investment		advisors	Cazenove Capital Management	Ltd.
			1London Wall Place
			London
			EC2Y SAU

	Page
Trustees' report
Statement oftrustees' responsibilities
Independent auditor's report	7 —9
Statement offinancial activities	10
Balance sheet
Statement ofcash flows	12
Notes tothe financial statements	13-23

					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds
					2021	2021	2021	2021	2020
				Notes	$	$	$	$	$
n n		wmn	frm:
Donations and	legacies				617,786	2,554,838		3,172,624	3,235,658
Investments					17,981			17,981	22,352
Other income					33,971			33,971	47,837
Total income					669,738	2,554,838		3,224,576	3,305,847
Raising funds					116,563			116,563	151,046
Charitable activities					583,325	2,682,488		3,265,813	3,200,429
Total resources		expended			699,888	2,682,488		3,382,376	3,351,475
Net gains/(Iossesj on investments				12	35,359			35,359	255,923
Net incoming/(outgoing)			resources
before transfers					5,209	(127,650)		(122,441)	210,295
Gross transfers	between funds				115,008		(115,008)
Net movement		in funds			120,217	(127,650)	(115,008)	(122,441)	210,295
Fund balances	at 1January		2021		1,566,872	596,682	1,473,888	3,637,442	3,427,147
Fund balances	at31December 2021
					1,687,089	469,032	1,358,880	3,515,001	3,637,442

				2021		2020
			Notes	$		$
Cash flows from operating activities
Cash (absorbed by)/generated from			21
operations					(463,847)		194,247
Investing activities
Purchase oftangible fixed	assets			(2,304)		(916)
Interest received				963		7,586
Net cash (used in)/generated from
investing activities					(1,341)		6,670
Net cash used in financing activities
Net (decrease)/increase	in cash and	cash
equivalents					(465,188)		200,917
Cash and cash equivalents	at beginning	ofyear			3,395,983		3,195,066
Cash and cash equivalents	at end ofyear				2,930,795		3,395,983

		Unrestricted	Restricted	Total	Total
		funds	funds
		2021	2021	2021	2020
		$	$	$	$
Donations	and gifts	617,786	2,554,838	3,172,624	3,235,658
Forthe year ended 31December 2020		764,325	2,471,333		3,235,658

				2021	2020
				$	$
	Grant funding ofactivities		(see note 8)	2,821,080	2,866,323
	Share ofsupport costs (see note 9)			272,215	221,217
	Share ofgovernance	costs	(see note 9j	172,519	112,889
				3,265,813	3,200,429
	Analysis by fund
	Unrestricted funds			583,325	415,096
	Restricted funds			2,682,488	2,785,333
				3,265,81.3	3,200,429
	Forthe year ended	31December 2020
	Unrestricted funds			415,096
	Restricted funds			2,785,333
				3,200,429
8	Grants payable
				2021	2020
				$	$
	Grants to institutions:
	Lebanese Association			141,400	130,000
	Romanian Relief Service			257,479	243,722
	Italian Association			39,363	110,412
	Albanian Relief Service			242,578	218,950
	Brazilian Association			112,693	77,365
	Colombian Association			42,558	75,000
	Lithuanian Relief Service			159,779
	BASMOM/ The Nehemiah		I*roject	91,107	144,1.22
	French Association			1,031,390	1,207,946
	Cuban Association				140,000
	Mexican Association			120,388	132,813
	Slovakian Relief Service			142,375
	Polish Association			83,554
	Portuguese Association			84,008
	Other			272,408	485,993
				2,821,080	2,866,323

12	Net gains/(losses) on investments
		2021	2020
	Revaluation ofinvestments	19,506	254,199
	Gain/(loss) on sale ofinvestments	15,853	1,724
		35,359	255,923
13	Tangible fixed assets
			Computers
	Cost
	At 1January 2021		18,787
	Additions		2,304
	Disposals		(12,501)
	At 31December 2021		8,590
	Depreciation and impairment
	At 1January 2021		15,782
	Depreciation charged in the year		1,842
	Eliminated in respect ofdisposals		(12,501)
	At 31December 2021		5,123
	Carrying amount
	At 31December 2021		3,467
	At 31December 2020		3,005
14	Fixed asset investments
			Listed
			investments
	Cost orvaluation
	At 1January 2021		1,780,582
	Additions		317,086
	Valuation changes		(34,719)
	Gain on foreign exchange		76,376
	Net income		1,660
	Disposals		(281,561)
	At 31December 2021		1,859,424
	Carrying amount
	At 31December 2021		1,859,424
	At 31December 2020		1,780,582

15	Financial instruments			2021	2020
				$	$
	Carrying amount offinancial assets
	Instruments measured	at fair value through	profit orloss	1,859,424	1,780,582
16	Debtors
				2021	2020
	Amounts falling due	within one year:		$	$
	Other debtors			41,445	114,986
	Prepayments and accrued income			7,498	6,065
				48,943	121,051
17	Cieditors: aniouiits taIIIng due wiilijn one year
				2021	2020
				$	$
	Other taxation and social security			11,212	7,223
	Trade creditors			2,807	371
	Other creditors			1,294,886	1,636,473
	Accruals and deferred	income		18,723	19,112
				1,327,628	1,663,179

Cash generated from operations	Cash generated from operations			2021	2020
				$	$
(Deficit)/surplus for the year				(122,441)	210,295
Adjustments for:
Investment income recognised	in	statement	offinancial activities	(17,981)	(22,352)
Gain on disposal ofinvestments				(15,853)	(1,724)
Fair value gains and losses on	investments			(61,329)	(242,299)
Depreciation and impairment	oftangible fixed assets			1,842	1,340
Investment manager fees				15,358	12,774
Movements in working capital:
Decrease in debtors				72,108	135,210
(Decrease)/increase in creditors				(335,551)	101,003
Cash (absorbed by)/generated		from operations		(463,847)	194,247