## 

|Legal and|Ad|ministrative<br>|Information||
|---|---|---|---|---|
|Trustees|||RA Fitzalan Howard Esq.||
||||Baron A Gvon Boeselager||
||||Count M LWFKHenckel von|Donnersmarck|
||||Mrs L S-C Simpson||
||||Prince D L G J M de La Rochefoucauld-Montbel||
|Chief executive|||J SSimpson Esq. (from March|2022)|
|Charity number|||1148427||
|Company number|||08107614||
|Registered|office||30Upper High Street||
||||Thame||
||||Oxfordshire||
||||OX9 3EZ||
|Correspondence||address|Studio 1||
||||240 Portobello Road||
||||London||
||||W111LL||
|Auditor|||Richardsons||
||||30Upper High Street||
||||Thame||
||||Oxfordshire||
||||OX9 3EZ||
|Bankers|||C.Hoare S.Co.||
||||37Fleet Street||
||||London||
||||EC4P 4DQ||
|Solicitors|||Stone King LLP||
||||91Charterhouse<br>Street||
||||London||
||||EC1M 6HR||
|Investment|advisors||Cazenove Capital Management|Ltd.|
||||1London Wall Place||
||||London||
||||EC2Y 5AU||






||Page|
|---|---|
|Trustees' report|4-8|
|Statement oftrustees' responsibilities||
|Independent<br>auditor's report|10-12|
|Statement offinancial activities|13|
|Balance sheet|14|
|Statement ofcash flows|15|
|Notes tothe financial statements|16-27|





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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|||
|||||2022|2022|2022|2022|2021|
||||Notes|$|$|$|$|$|
|Donations<br>and legacies||||656,554|2,739,461||3,396,015|3,172,624|
|Investments||||33,222|||33,222|17,981|
|Other income||||75,919|||75,919|33,971|
|Total income||||765,695|2,739,461||3,505,156|3,224,576|
|Ex enditure on:|||||||||
|Raising funds||||146,321|||146,321|116,563|
|Charitable<br>activities||||998,892|2,688,906||3,687,798|3,265,813|
|Total resources expended||||1,145,213|2,688,906||3,834,119|3,382,376|
|Net gains/(losses)|on investments||13|(445,536)|||(445,536)|35,359|
|Net (outgoing)/incoming||||(825,054)|50,555||(774,499)|(122,441)|
|resources before transfers|||||||||
|Gross transfers between||funds||77,892||(77,892)|||
|Net movement<br>in|funds|||(747,162)|50,555|(77,892)|(774,499)|(122,441)|
|Fund balances at 1|January 2022|||1,687,089|469,032|1,358,880|3,515,001|3,637,442|
|Fund balances at31December||||939,927|519,587|1,280,988|2,740,502|3,515,001|
|2022|||||||||





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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Tangible assets|||14||3,180||3,467|
|Investments|||15||1,543,742||1,859,424|
||||||1,546,922||1,862,891|
|Currentassets||||||||
|Debtors|||17|320,088||48,943||
|Cash at bank|and in|hand||2,102,397||2,930,795||
|||||2,422,485||2,979,738||
|Creditors: amounts||falling due within|18|||||
|one year||||(1,228,905)||(1,327,628)||
|Net current assets|||||1,193,580||1,652,110|
|Total assets|less current liabilities||||2,740,502||3,515,001|
|Capital funds||||||||
|Endowment|funds -|general|||1,280,988||1,358,880|
|Income funds||||||||
|Restricted funds|||19||519,587||469,032|
|Unrestricted|funds||||939,927||1,687,089|
||||||2,740,502||3,515,001|





## 

||||||2022||2021|||
|---|---|---|---|---|---|---|---|---|---|
|||||Notes||||||
|Cash flows from operating||activities||||||||
|Cash absorbed by operations||||23||(841,764)|||(463,847)|
|Investing activities||||||||||
|Purchase oftangible fixed|assets||||(1,629)|||(2,304)||
|Proceeds from disposal oftangible fixed assets|||||185|||||
|Interest received|||||14,810|||963||
|Net cash generated from/(used<br>in) investing||||||13,366|||(1,341)|
|activities||||||||||
|Net cash used in financing||activities||||||||
|Net decrease in cash and|cash equivalents|||||(828,398)|||(465,188)|
|Cash and cash equivalents|at|beginning|ofyear|||2,930,795|||3,395,983|
|Cash and cash equivalents||atend ofyear||||2,102,397|||2,930,795|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|||
|||2022|2022|2022|2021|
|||$|$|$|$|
|Donations|and gifts|656,554|2,739,461|3,396,015|3,172,624|
|Forthe year ended 31December 2021||617,786|2,554,838||3,172,624|
|Investments||||||
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2022|2021|
|||||$|$|
|Investment|income|||18,412|17,018|
|Interest receivable||||14,810|963|
|||||33,222|17,981|





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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
||||||$|$|
||Amounts|recharged to other entities|||75,919|33,971|
|6|Raising funds||||||
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2022|2021|
||||||$|$|
||Fundraisin|and|ublici||||
||Support costs||||132,602|101,205|
||Investment<br>mana||ement||13,719|15,358|
||||||146,321|116,563|
|7|Charitable activities||||||
||||||2022|2021|
||||||$|$|
||Grant funding ofactivities (see note 8)||||3,232,805|2,821,079|
||Share ofsupport costs (see note 9)||||302,580|272,215|
||Share ofgovernance|||costs (see note 9)|152,413|172,519|
||||||3,687,798|3,265,813|
||Analysis|by fund|||||
||Unrestricted<br>funds||||998,892|583,325|
||Restricted|funds|||2,688,906|2,682,488|
||||||3,687,798|3,265,813|





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|||2022|2021|
|---|---|---|---|
|||$|$|
|Lebanese Association/Medicines|for Lebanon|224,663|141,400|
|Romanian<br>Relief Service||520,844|257,479|
|Italian Association|||39,363|
|Albanian<br>Relief Service||303,297|242,578|
|Brazilian Association||65,900|112,693|
|Colombian Association|||42,558|
|Lithuanian<br>Relief Service||200,665|159,779|
|Holy Family Hospital, Palestine||20,976||
|Latvian Relief Service||125,270||
|The Nehemiah<br>Project (BASMOM)||71,820|91,107|
|South African Relief Service||54,168||
|French Association||1,006,108|1,031,390|
|Malteser International<br>Germany||100,343||
|Mexican Association||77,590|120,388|
|Slovakian Relief Service|||142,375|
|Polish Association||59,383|83,008|
|Portuguese<br>Association|||84,008|
|Embassy to Morocco||25,000||
|British Association<br>(BASMOM)||25,685||
|Ukrainian<br>Relief Service||137,480||
|Forgotten<br>Children (see note 17)||145,840||
|Other||67,317|272,407|
|||3,232,805|2,821,079|





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|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2022|Support|Governance|2021|
|||costs|costs||costs|costs||
|||$|$|$|$|$||
|Staffcosts||245,141|77,413|322,554|240,254|96,992|337,246|
|Depreciation||1,731||1,731|1,842||1,842|
|Exchange|(gains)/ losses|(2,716)||(2,716)|2,022||2,022|
|Communications||7,129|2,251|9,380|1,041|421|1,462|
|Travel||21,663|6,841|28,504|10,980|4,433|15,413|
|Sundry expenses||2,394|756|3,150|4,308|1,739|6,047|
|Office costs||86,402|27,285|113,687|89,313|36,057|125,307|
|Bad debts||16,260||16,260||||
|US recharge||57,178|18,056|75,234|23,660|9,552|33,212|
|Audit fees|||11,614|11,614||9,914|9,914|
|Accountancy|||3,278|2,278||2,751|2,751|
|Legal and|professional||4,919|4,919||10,660|10,660|
|||435,182|152,413|587,595|373,420|172,519|545,939|
|Analysed|between:|||||||
|Fundraising||132,602||132,602|101,205||101,205|
|Charitable|activities|302,580|152,413|454,993|272,215|172,519|444,734|
|||435,182|152,413|587,595|373,420|172,519|545,939|



## 

|Fees payable to the Fund's auditor and associates:|Fees payable to the Fund's auditor and associates:|2022|2021|
|---|---|---|---|
|||$|$|
|Audit ofthe Fund's|annual accounts|11,614|9,914|
|Non-audit<br>services||||
|All other non-audit|services|3,278|2,751|



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|||2022|2021|
|---|---|---|---|
|||Number|Number|
|Employment|costs|2022|2021|
|||$|$|
|Wages and salaries||288,762|300,010|
|Social security|costs|26,833|29,780|
|Other pension|costs|6,959|7,456|
|||322,554|337,246|



## 

|Net gains/(|loss|es)<br>on investments|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2022|2021|
||||$|$|
|Revaluation|of|investments|(549,635)|19,506|
|Gain/(loss)|on|sale ofinvestments|104,099|15,853|
||||(445,536)|35,359|





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|14|Tangible fixed assets||||
|---|---|---|---|---|
|||||Computers|
||Cost||||
||At 1January 2022|||8,590|
||Additions|||1,629|
||Disposals|||(1,548)|
||At 31December 2022|||8,671|
||Depreciation<br>and impairment||||
||At 1January 2022|||5,123|
||Depreciation<br>charged in the year|||1,731|
||Eliminated<br>in respect ofdisposals|||(1,363)|
||At 31December 2022|||5,491|
||Carrying amount||||
||At 31December 2022|||3,180|
||At 31December 2021|||3,467|
|15|Fixed asset investments||||
|||||Listed|
|||||investments|
|||||$|
||Costorvaluation||||
||At 1January 2022|||1,859,424|
||Additions|||518,677|
||Valuation<br>changes|||(314,323)|
||Loss on foreign exchange|||(86,641)|
||Net income|||198,156|
||Disposals|||(631,551)|
||At 31December 2022|||1,543,742|
||Carrying amount||||
||At 31December 2022|||1,543,742|
||At 31December 2021|||1,859,424|
|16|Financial instruments||2022|2021|
||||$|$|
||Carrying amount offinancial assets||||
||Instruments<br>measured at fair value through|profit or loss|1,543,742|1,859,424|





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|Debtors|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2022||2021|
|Amounts<br>falling due|within one year:|||||||$||$|
|Pledged donations<br>receivable||||||||342,004||13,532|
|Bad debt provisions||||||||(162,044)|||
|Other debtors||||||||123,996||27,913|
|Prepayments<br>and accrued income||||||||16,092||7,498|
|||||||||320,088||48,943|
|The bad debt provision|relates to a drawdown||ofa|restricted|donation,|requested||by the Fund in October 2022, but|||
|which has not yet been received. This donation|||was made to the Grand|||Magistry||(the central body ofthe Order of|||
|Malta), with the express restriction that itshould be||||drawn down bythe||Fund|over|several years forprojects||working|
|with "Forgotten Children". However,||following|a change ofgovernment|||at the Grand Magistry, these|||funds|had not|
|een received atthe reporting date, in||contradiction||todonor wishes and||the|practice for eight previous||draw-downs.||
|The trustees therefore|consider it prudent to recognise abad||||debt provision||against unrestricted<br>resources.||||
|Creditors: amounts|falling due within one year||||||||||
|||||||||2022||2021|
|||||||||$||$|
|Other taxation and social security||||||||10,760||11,212|
|Trade creditors||||||||||2,807|
|Other creditors||||||||1,198,405|1,294,886||
|Accruals and deferred|income|||||||19,740||18,723|
|||||||||1,228,905|1,327,628||



## 

## 

|||||2021Movement<br>in funds|2021Movement<br>in funds|2021Movement<br>in funds||
|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Adjustment|Balance at|
||||1january 2021|resources|expended||31December|
||||||||2021|
|Prison ministry|fund||406,842||(190,222)||216,620|
|Social and humanitarian|||15,141|1,374,126|(1,389,072)||195|
|Elderly people|fund||173,305|360,000|(410,512)||122,793|
|Forgotten children||fund||559,088|(599,088)|||
|Cuba|||1,394||(1,394)|||
|Medicines for Lebanon||||104,087|||104,087|
|Other restricted|funds|||116,671|(110,464)||6,207|
|Vision 2050||||40,866|21,736||19,130|
||||596,628|2,554,838|(2,682,488)||469,032|





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|||||2022 Movement<br>in funds|2022 Movement<br>in funds|2022 Movement<br>in funds||
|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Adjustment|Balance at|
||||1January 2022|resources|expended||31December|
||||||||2022|
|Prison ministry|fund||216,620||(71,820)|99,156|243,956|
|Social and humanitarian|||185|1,373,203|(1,373,398)|||
|Elderly people|fund||122,739|297,000|(419,739)|||
|Forgotten children||fund||389,427|(389,427)|||
|Medicines for Lebanon|||104,087|44,368|(20,046)||128,409|
|Other restricted|funds||6,207|61,692|(50,744)||17,155|
|Vision 2050|||19,130|125,309|(64,454)||79,985|
|Ukraine||||448,462|398,379||50,083|
||||469,032|2,739,461|(2,788,061)|99,156|519,587|



## 

|Analysis of|net assets between funds|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||2022|2022|2022|2022|
||||$|$|$|
|Fund balances at31December 2022 are||||||
|represented|by:|||||
|Tangible assets||3,180|||3,180|
|Investments||262,754||1,280,988|1,543,742|
|Current assets/(liabilities)||673,993|519,587||1,193,580|
|||939,927|519,587|1,280,988|2,740,502|
|||Unrestricted|Restricted|Endowment|Total|
|||2021|2021|2021|2021|
|||$|$|$|$|
|Fund balances at31December 2021are||||||
|represented|by:|||||
|Tangible assets||3,467|||3,467|
|Investments||500,544||1,358,880|1,859,424|
|Current assets/(liabilities)||1,183,078|469,032||1,652,110|
|||1,687,089|469,032|1,358,880|3,515,001|





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## 

|the Fund in 2022 (2021:none|).||||||||
|---|---|---|---|---|---|---|---|---|
|The Fund works closely with|The Global Fund|for Forgotten|||People Inc., a|USA-incorporated<br>501(c)3("the US|||
|Fund"), a charity which also|raises funds for and makes|||grants to projects||that work with people||who would|
|otherwise be forgotten. The two organizations||are separate and independent,||||but benefit from shared objectives,|||
|processes and administrative|functions. Administrative||and overhead<br>expenses||||that are re- charged|between the|
|two entities<br>on a recurring<br>basis. The expenses<br>incurred||||by|the Fund on behalf ofthe US Fund were $76,377||||
|(2021:$33,971)for the year|ended December|31,2022. The|||expenses incurred||by the US Fund on behalf ofthe||
|Fund were $23,447 (2021:$10,849) for the year ended|||December 31,2022.The US Fund owed $52,930(2021:||||||
|$23,122)to the Fund as ofDecember 31,2022.|||||||||
|Cash generated<br>from operations|||||||2022|2021|
||||||||$|$|
|Deficit for the year|||||||(774,499)|(122,441)|
|Adjustments<br>for:|||||||||
|Investment<br>income recognised|in statement<br>offinancial||activities||||(33,222)|(17,981)|
|Gain on disposal ofinvestments|||||||(104,099)|(15,853)|
|Fair value gains and losses on|investments||||||424,474|(61,329)|
|Depreciation<br>and impairment|oftangible fixed assets||||||1,731|1,842|
|Investment<br>manager fees|||||||13,719|15,358|
|Movements<br>in working capital:|||||||||
|(Increase)/decrease<br>in debtors|||||||(217,145)|72,108|
|(Decrease) in creditors|||||||(98,723)|(335,551)|
|Cash absorbed by operations|||||||(841,764)|(463,847)|