THE PORTA PIA 2012 FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charlty R•glstratlon Number 1152582
THE PORTA PIA 2012 FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMETrUS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTEpif8 PAGes Trusta88' Report 1104 1ndend8Tht ExamlneV9 Report 5106 stat8menl of financ4al Balance sheet Notes lo thè finand818tatements 91012
ThE PORTA PIA2012 FOUNDATION TRUSTEES. REPORT FOR ThE YEAR ENDED 31 DECEMBER 2023 Charfty Name Th8 Porta PIB 2012 Fryjndadon Charfty ReqlslratKffl Numbèr 1152582 Trust8 Mrs H L ryshea Mr J G O's8 Mr8 J V Sennltt Prfncwj Office Thitd Fkjor 47 Bgak Slrnet Lcffldon W1F 9SE EC2V 7NQ Indep8nd•t Examlner S#lly Appleton Saffary LLP MItFe HoLJse North Paert Road Haffogate HG1 SRX 8•nkers CAF Bank Llmtsd 25 KINJS Hlll Avenu• Klngs HS11 VV•st Malllng ME19 4JQ SdlcltDr8 St•VWS 8nd Bollon LLP W•y Hou8& F¥rnharn Ro• Gulldford GU14YD Inwstmgnl Man4ws InsIMont lauonjm 88 Klnp Wllllam Slrwt LoThJen EC4N 7HR
THE PORTA PIA 2012 FQVNDATION TRUSTEES, REPORT contlnued FOR THE YEAR EMDÈD 31 DECEMBER 2023 Thè Tru$tee6 peTrI thelr rep(Nt financial slatemenis of The Porta Pla 2012 FoLnd8lkJn Ilhe Trust) for the year ended 31 December 2023. The finaneial statements have been prtpared In a¢cordartt th the 8cc4untlno pol8$ 88t out In note I lo lh8 8ccounls and cnmply wilh the Trust Deed, the Chsrltles Act 2011, the requlrornonls of Ihe Statgment af R8tommended Praciice.. AvAunting and Replyn9 by Ch8ritfa8 prep8rino Ih8k o¢¢punts In accordafi wllh the FironGlal Rewrting standard app15cablÈ in IhB UK and Ropubllc of Ireld IFRS 1D21 and thg Fin8nclal Stsnd8rd aF(dicabl8 In th8 Unlled ngdorn Rewblic of Ireland IFRS 1021. The infrxmstion on paoe 1 Forms part of thb Trust¢¢8' Rwt. Structure, governance and ftianagement The Trust Is an unlncorporatsd trust consliluled under A tru51 deed datod 17 January 2013 and 1$ r•lllstsr6d wh the Chadty CornmlsBlon. Thg Twsl w8s 8slab118hed by an Inltlal ttrnent Irom the Selyor. The Trust doas not fundraisè and 5eek8 to Mnb'rtue tts phllanthropiG 9r8nt-m8klrKJ WOTk Ihrough the careful $lewardshto of Its &Asting r0jrC8S. Appointment ol tho Tiu$ièe$ 1$ mAde In 8eeard8nco wlth the Iwm$ ol the Twu$l DJ. The numb8rd Trugtses must exceed S at any Ilrn8. Th• Ttu$lees keep the skN15 and Iralnln9 reoulrement for the IfU$tee body under revlew. Al curreni Trustee5 are famlllar th the of the Tlusl aryj In addltlon have prefesdgnal or lay k1860 of ihg operatlty) oltru$ts and chartUe$. Traknlng oppOnItIO$ are wkwed and t8k•n where opprok¥iate. At quartorly meeting5 Ihe Trustees a broad $trBl89y In¢lJ1nQ qr•nt maklngi iFwestm•ni tyv1e, re$erve9 ond fiik man8gem8nl polits•a and ¢erfwM9n. Th8 frust d088 not 8mpW any stgff, Its gffalrs belng organ188d, malnlaln8é And sdminlstsred by th• Trust5. Rllk Managèm•nt The Tiustw h9ve nsIdered th• mlor rk8 ¢0 whlch the Trust 1$ gXPD8•d have revSowèd thosé risks and e$t8blLghed Systems and prDrdures lo Ihose r15ks, The Trustees ¢on5id?i ¥atslI1y ol inveslmont retumè io constlwts molor r15k and revivw Ihe spread gl Invp5tm•nis reoularly and trequenlty. When mking grants Tru#iÉ8& enly award to ch8rlbas reglsitrred llh the Chorfty comffi8 ond vthich olemon$ir81¢ good saleguardlng prècll¢e &nd efledlve usa ol orani money. Publ1¢ Bgnefft Stst•ffl•nt The Trustees are aware of the apprcprfate guldanGe pUbl15h by Ihe Charfty CommissKn and Cd•[ th1 th&y have comWl8d wllh Sectknn 17 of thg Chorltsos A¢t 2011 wlth r8qsrd lo publ'c benefit. The focu8 of tho Tiust rm2ln$ Ihfj 8wArd of grants and don4titsn$ to a variety of ¢haritabl organ1s811ons which Ih•mselves provlde conskl8T8b b•nefit. ObJeGtlve$ anl oGtSvltl•$ In accordance wlih the Trust Agrg¢m8nl, the Trust was lorrned lo pay or appty the Truot Income and lif Bnd wh•n Ihè Trustees In thetr di8¢reo Ihlnk flii all or any part or parts of the &8plt81 to or for 8uch 8xcIu8ively charltaUe obloGls or putP0595 In any part trl thg wotw a5 th9 Tw51ees tnay kn their 4i5GretIL think fiL
ThE PORTA PIA 2012 FOUNDAnOPI TRUSTEES, REPORT contlnu•d FOR TrIE YER ENDED 31 OECEMBER 2023 Gront rnJkln9 poII¢y The Tnjstèes determine which grants should be m&te to chariJes r8gisiefets wlth Ihe Ch8rfty Ctsmmlsstyjn. Un501icited applications to Ihtr Trusl Hre ¢onade al Ih8 Tru$iees' quarterty me81ings. However rnost gw8nt8 mad? are to a ¥arty of ch4rlti88 of which the Tiusteos havo prtorand personal knowledge Whwe 8 ¢onfltl of interest exrsts, the relevant Iwslee 1$ excluded 9ranl maklng de¢islon$. One of the Tru51ee5 IHL O'shpal is 8 trustee ol one oihtr ¢harity. D4paul Intsrnational (seè note 101. Th¢rp15 no grant 0oph'c8lbn Im. Wl appli¢tllcn8. whether inwlled of unsc4ici18d, a considwed vAlh regard to need. impaGI and suslainability. Achhv•monts and P•rforrnanca The Trusl m8de grdnls In the year tolallSrrfJ £120.tx]012022: £115.0001. These gran1$ lisl&J in note 4 to the 8r£¢unts The Tru51ees h8V8 réviewed the perftrman£B Df ihe th11&5 lo whlch grants are m8dfj and. wher• approprk9te, requested and examined d81alJed reports in order lo ensur• Ihot Ihe orants gre fulfiung thfr Trust's tharltobl• aims. Fln¥nclal Revl•w Income ge[rated from Investments In the ar ended 31 Dec8mbor 2ffd3 amoynted le £54,11312022.. 5,8101. Expendbturo incutred In the ye•r•nded 31 OKember 2023 amounted lo E148,74712022.' £144,049). At 31 DeE8rnber 2023 the Trust tol81 funds of £2,46Q.07712022.. £2,421.3831. Truste Thè Trust Is controlled by Twstses who are r•SpDns1b for tts melhc•Js ofop¢rab'on$ pc41cy. Thè Tru8tM8 in offic• durfng the ported Af8 Il¥ted on page 1 of the report and 8Lrounts. Th? Tru$i8eB Bre regarded 08 thè Twgt's &y mOnMent personnel. No Trusi¥ rocelved any remunerntbn duriny the year and no Tru$l48 h•d any inierOBt In Bny contract with t Trust durlno the yeai. The Trust# have unf05trklgd pwer8 of Inw•9•1. R•$•rv•s policy In ordor le meetthelr ¢bI1v6$9nd whi18t A¢knowledLlng th• unr•?tricl•d natwe olthe TruJt'6 funds. Tru8tse$ alrn to malnlaln freè re$eNes In unreslrlcled fun(l$ at a levd $ufficl8nl 10 ieneral¢ Inv$$knenl gro%h •nd r¢luin$ order thai grants and awards may be wlthoul $1gnlflcanlly dknhlshlng the lunds on TN$t. The Tnjst's ¥e$imeni rnanagers en¥ure lh* a miNmum of £30.000 pèr quartei is avallable lo fLtnd a¥4¥rds and meei lh& TmBt'8 5UPPDrt and gov8cO ¢0815. Th1¥ pollcy Is revlewed on an ongoln9 b8$1$. Al 31 Deeernber 2023 the TrLLS1 held total knds 01 £2,480,Q7712022.' £2,421,383). Inv••tm•nt pollcy The maiorlty cf the TfUSt'6 Investhent p(thllo Is hald in tho forrn of siork Mar1(•t ba88d investrn6nts. The Invesknenl polipj recognSe5 the need for regular ca8hftow wthllst exposlno ltr Nmit•J rlsk. In April 2020 Ihe Trusiees 18$kBd th8 Trust's Invesimenl manager with revisin9 lh¢ obleGli¥es in der to g¢nerats a ro9uiir cash<. arlsing from Inve$imenl Irwme or ¢#piial 9ro¥vth. 5uffi¢Eènt Io rn801 Ihe Tru5189$' orani maklng obieGlives, whatsi MnlnIng tho capltal v8lu• of the Inveslmenl PDrtfdio. The Tru$loey mael Ihe Tru$f$ Invesynent managols on a qLOrterfy b8Si5 lo revw the inve51menl portfollo and benchmark hs performance again51 th• obleclwe$ which have been sat and Afo 5atlsfi8d with th81 perfgrrnancg. PIJAg lof fvtur• pwlods The Twstee$ inl8n¢J to continue to mak• grants 10 w51we¢ ¢h4ritable org•n1581ions atlh9 Trustees, dig¢rstbn and to mak¢ grants vb15wng ca$hflow generatod invesbmpnl and capital grobkn frorn investments.
THE PQRTA PIAIQ12 FOUNDATrON TRUSTEES. REPORT contjnued FOR THE YÈAR ENDED 31 DECEMBER 2023 statement of Trustees. r•8ponslbllltl The Truste88 ale respon8tsk lor prepanng th? Trustees, AnnuJ Repcrft an(1 the flnandal $tstement& in accordanc¢th 8pVi¢8tI8 and Unrted Kinodum Acrnting Standard5 Iunited KNIorn Genffally Arcwt•d Accounlirw Prèclicel. The Lqw ¥pli¢able io th&rrftès In England antt Wales wulres ihe Trustees to ppare staternonl$ for eae fifianc yearwhid) olve a true ond falr vlew Oft slate of affair5 ofthe thwity and of th8 kncornlng resourc•s and of reBourS ft>r that perfLTrJ. In pr¢pgrlTrJ these finandal stalernents, the Trusleeg are r¢quir¢d to.. - Select suale 4ccoun wliel•s and thon apply Ilwm c4)nsbtsnly'. - Observe the m8thods and prfndple& In tho Charrtlas SORP IFRS 1021,. Mwk8 ludg8ments and lIMate$ that are re8$onable ond prudent., - state ther applKabl8 UK counr0 Stsndards have be¢n folkn*d. $ubl8cI to any malarhl d¢pwWr•s dlsctosfjd and 8XFlaln8d In tho financlal 6tatemenis.' Prepare the fin8n¢ial $latem8nt$ on the grt9 rx)nrn bas1$ unl8 It Is Inappropr1& to preswne that the ch8rltabLe Iru81 wlll Cont1n h bu8lnes$. The Trtssw are ragpon$lbk lor keeft0 proper &CCOWlkng rec¢Yds t1 disclose wlth rob)db oceuracy at any Ilme Iha flnandal posllion tf th8 Ghadty enable them gn5ure th8t Ihe flnancial stalemwls comply wbth the CharitTos Act 2011, appllcaèle accowling regul8tion8 and the pro¥l8ion8 of tho Trust deed. They are also response for sHfeouarding itte as58ls of the ch811ty and for laking rea¥onablg s¢gp8 for th• pr•v¢nt4)n and dal@cuc of fraud and othw irr8pdsdt$. Ind¢ppnd•nt Ex4mInaQn Glven the s¥ vf th¢ Trust, •n ludll i¥ not requlred. frustees hBv? decldod to thv• Ind•peTrJ•ni Examlnadon In plac• of an outhl tr th• year ended 31 D•tÈmb812023. Approved by the Tr 1•os on and slgned on Ihelr b•hatF by., J S8nnltt Tru&l Trugt••
THE PORTA PIA 2012 FOUNDATION INDEPEPIDEPIT EXAMINER'S REPORT TO TrtE TRUSTEES YEAR ENDED 31 DECEMBER 2023 Ind•p•ndent oxaminerf• rnport to th• truBtoes of The Porta Pl• 2012 FOUndaOn l p)rt lo thè trustees on rrty axaminaffjon of Ihe acuJunt8 of The Porta Pia 2012 FourKlatlon Iihe Trust)lor the year endod 31 December 2023. Rogpective r••ponslbllhlo8 of truste•8 And •xamln•r As the charity truslaes of the Trust you are respon51ble for the preparation of the account8 sn acwrdance wlth Ihg r8qLAreThnl8 ol the Chath'es Act 2011 I'lhe Act'l. I rèport In resp&t of my examinallon of the Tru81'8 account8 carriod out underseclkw 145 of the 2011 Act and in csrrying out my 8xamknollon I have followed all the appllo9ble Dlreclions glvan by the Charity Comrnis9ion under section 1451Sllb} of th• Act. 8a•l• of Ind•p•ndgnt •x4fflln•r'B r•port My examin8tlon was carri8d out in accordan¢8 wllh th8 9eneral Dir¢¢lions gpien by (ha Charfty Commlssion. An examlnolion includes a Tevlow of the accounllng r¢cords kept by the chartly and a cnmpari8on of the Èccounls present9d wllh Ihose records. 11 also includes considaralbn of any unusual items or discPosures in the accounts, and seeking •xp5anatyon$ from you as Iru81e$s (y)ncerning any such matlors. Tha proceduros undertak¥rt do not provid8 all the evldence that would be rgouired in an audll an¢Y cons¢quenlly no oplnion Is givgn as lo whelhor the aG¢oun18 present a 'true and fair vw, and thg report L8 Ilmited to thos8 matterg 891 out In the slalenenl beltrw. Ind9not exomln•rf$ $tst•m•nt I have completed my èxamindllgn. I conflrrn that no materi&l maliers have me to my attenllon In eonn8CtkJn vjlth Ihe 8xarnlnallon glvlng rna rause to bellevg that in any m8t8rial r9SPOCt'. accounting records werè not kept in respect of tho Twst a$ requlred by s8ctlon 130 of the Act.. or 2. Ihe arLounls not accord wlth th068 records,. or 3. Ihe accounts do not comply with the app1c¥bIe requlremenls concemlng Ihe form and eontgnt of ac¢ounts Bel Out In the Chanties IAccounl8 and Reports) RegtJlation$ 2008 other than any r•quir?ment that Ihe a¢o)unts give g 'true and kir view, whi¢h Is not a malter eon$id8r•d as part of an independent examinallon.
THE PORTA PL4 2012 FOUNDATION INDEPENDENT EKAMIMER'S REPORT TO THE TAUSTEES YEAR ENDED 31 DECEMBER 2023 I have no ¢on¢erns and have 1me ecmss no oth8r mattets connection bwth th8 examln8tion to whlth attenn shoukl bé dr8wn in this report in order to enable a propw undersl8nding of the counts to be reached. Sally Appleton Inslilute of Chwtered Accountants England and W818s Saffery LLP Chartered Accountants Mitre House North Park Roa(1 Harrogat8 HGI 5RX Dale-.
THE PORTA PIA 2012 FOVNDAnON STATEMENT OF FINANCIL ACTNIMES FOR THE YEAR ENDED 31 DECEIIBER 2023 Not• 2023 2022 Incom• InStment t)naln5 54,113 1,0 25,816 1.mo Total Incomè 55,113 28,816 ExpendIr• Costs of ralslng ld5 Inv¢81m•nl Management Co$ts 123,8731 125,2671 Exwndllrfj on ehorlo actrtI 1124,8741 1119,6821 T•tsl oxp•ndlturè 1148,7471 1144.9491 N•t •xp•ftdrtur• for• o•ln# and 1088•• on In¥••lm•nt8 193,6341 1118,1331 N•1 g81nlllo58e$l on Invg3tments 132,328 {453,8301 l•xp•ndltUMlllrKom• and n•t mov•m•nt In fvndo for th• 38.694 1671.9631 R•con¢lliat1¢ of fvnd Funds broughl lorward Tot41 funds eèrrfed Thd 2 421383 2.993 348 All oper8iionB ara ¢onttnulno operallcns. I r6woni50d galn$ •nd lJs#$ durirG tho year are Included wlhln Ihe Statèmen1 of Fln•nc4al Aaivilk•s. Tho aeeompanylnq noto$ fcfm an integr81 part of Ihwe financ1818ts1emenl$. All fvnds unre*n'otod lund$.
THE PORTA PIA 2012 FOUNDAIION BALANCE SHEET AS AT 31 DECEMBEFI 2023 fr1ot& 2023 2022 Flxed a850ts Inveslmen15 2.458.872 2,420,150 Curr•nt Debtors C88h at bartl aTrJ in hand 3,918 8.DS1 2,959 13,863 11.869 1e.842 Llabllltl• Cmdltors.. Amounts f811kn9 w6lhlrt ono yÉèr 110.7641 115,6091 Not curr•Tht USo1s 1,205 1,233 Yotl n•t 2,4eo,077 2,421.383 ft•pr•i•nt•d by.. Unrestricted Fund 2,460,077 2.421.383 Total Fund• 2.460,077 2.421,383 Approved authorfsad for i$$ue by the TNste8s on ar ilgned on Ihe4r behollby ennltt Tru8te• H O'Sh89 Tru8t¢e Ch•rlty R•olatratlon Number 11J2902 The accompanylng notes 8T8 an Inlegr81 part of thè$¢ 1Tr8nd41 ¥¢atern.
THE PORTA PIA 2012 FOUNDATION NOTES TO THE FINANCIAL STATÉMENTS FOR ThE YEARENDED 31 OECEMBER2D23 Prfndpal accoun9 pol1•$ The principal accounllng pollcl8s are surnmaris•d bebw. The arLountlw w)licie¥ have been applled consistendy Ihrou9hout Iho y88r. BAsl¥ of Aeeountlnq The financlal statemènts have been prepared ld8r th8 hl$torieèl cost convention as Modlfl8d by the Incluslon ol fixed asset Snvgslmenis al market V8lug. The finn¢ a(ements hav8 been prepared in xcordan¢e wilh the Statement ol Rery)mmeThled Pracb'ce.. Accounllng and Reporting by CharS118s prqparints tlk81r acGtsLmts in accordanc8 wlth Èh8 Fltwclal Rap0rj Slandafd appNGaUe in th8 UK and RepubllG of Ireland IFRS 1021. Ilhe SORPI. the Finandal Reporung Slandatd appllcoble in the Un118d KinJom and R8publc of Ire18nd IFRS 1021 and the Chafflbs A¢1 201 Tha Trust con5Ututs8 8 publlc benefit antity as by FRS 102. The fin8ndal ststem8rtts h&v• been prepar& 10 9lve a Iwe orKI lair view and have d•perted from Ihe Charitiè$ (Aunt6 end Reports) Regulations 20D8 only to ihe extent requlrod lo provkl8 a true and fair wlew. Thls dep¥tur8 has vow foll9 the Accounthg And Reptrung by Chgdll8s.' Sl818ment ol R•oL¥nmended Practlc¢ (isSd December Fund accounti I fund8 are considered to be unregtiicied. UnstriCt¥ fund5 are av8iLqble for u8è It the dlscroik)n of lh• Trushes In bJtheran¢o ol Ihe g•naral obl¢ctlv8$ ol th• Chlrtty. In¢om¢ rocounltlun l incomlng re8ources aro In¢iud8d In tho 8tst8mqnl df ffnJncL318dVIeS when th¥ Tru&i18 Bnllued to the Income, It 1$ probable thai the ineome wlll b¢ r¢celved ond th• amwnt can b6 quanVfl8d &th feasanable acrAJTsCy. Invasbn¢nl Income15 Ir)cluded when fo1VaN¢ And ndfiéd by inwlm•nt manag0r. DoTrat•d Mryl¢•8 Fac4litse& and satylG•s provlded to Ihe Twst by volunteers are induded In thè 8ta16ment of fln8ndal aeiivlU•$ As donatlo)5 On • rec&va? ba$ls, wllh & correspondino Sum Included 88 GovernanGe Cos15. Those donaled seTvlces gr• valued a$ Ihe amount whlch the Tru51 would have ID pay for ¥u¢h 5ervl¢¢$ In th• open rnarkgt. Exp•ndlture r•cognltlon Expendiiure rewgnlsed on 8n occrual ba¥is 500n as Ih•r• 1$ a legal oi ¢on5tru¢tlv8 ol98t1 comrnltttng th• ch8rfty lo Ih810xpndltui8, 11 probable that setllemeni wlll be iequlred and the amount of the obllgallon ¢8n be Meured re118bly. Exp8ndlLurè kndudes any VAT. whlch li nol re¢ov8rable by the Trust, and18 reported as port of Ihe expendlture to whlch It relatès, Charltabi8 oxpendilure cTrThprlses grants and awards made by th8 Tru8tee8. Grants payablè are recognw whon ¢Jertoklng to Pay the grant has been entered Into. Govemon¢8 rx)$t¥ includ85 those co$ wssoc48t•d wllh meollng the con8t[tuon0I •nd stotutw requiTamenls of tho Trusr and Include the Indewdent oxvrnlnalon fees of the Trust. Inv•stm•nts In¥8stm8nls are included In the 8¢counls al the bld prfce at thè end olthe financial ye8r. Rèali5ed and utYeallgEd gdns and knsses ore OgnIsed in th8 Statement of FkwnEi41 Actlt5 In the year *) whlch Ihqy arise. Golng coD¢•m The IruBtee$ nsIder th•1 Ihwe qr8 no mAlerial uncertalnis•s About the Trust8 abSlity to coThtfnu8 88 a golw ¢on¢em The Trust888 8re saIried that the Trust h85 adequate fund$ in ordgr to meet It5 obligallons 8nd roniinue to adopt the going ¢onGEm basls in th6 preparation of these ffnancial Stat01S. FlnaDci•I In4truments The Trust only has fin¢1•1 as58ls and fin8nGial liaknltie5 01 a kind that quallfy as baslc financial instrumonts. Basle fiThandal IrtrUMentS ar¥ in511ally reged a¢ tran68ction value #nd ssequenY measured at their 5etYemenl vauu.
TrIE PORTA PIA 2012 FOUNDATION N¢)TES TO THE FINAN¢lhL STATEIIENTS conllThued FCII THE YEAR ENDED 31 DECEMBER ZQ23 1 Prln¢lyl x¢ountlno pollcles IntInu¢ Estlrnat•# and Judggm¢nts With r89Ptct10 the Tre rewrtiry period, the year andin9 31 Decemb8r21T24, the most s(gnifipAnl a9 of unc?rtainty that affect th8 fArTrlng value of as8gt8 held by th8 Trust oro Ihe level of Invesiment return anrl perfovrne of ¥&tment marfc8151s88 Inveslmenl policy 8TrJ pertom18nce tsk Ma9Ment 8e¢tlon$ of the tru5tee5' nual r8P)rt for mor8 informalonl. The tW51885 revlew thls on an ontyln4 bas1$. Invostment 2033 2022 Incorn8 from11$14d Invgstmonis Bank Int4r8t Tol81 InY8$tmerrt Sne 50,373 3.740 54.113 25.695 121 25.816 2023 2022 Dona18d accountsncy 8eNke8 Tol dcnaltd seNIc8S 1,000 1,000 4 Exp•ndltur4 on chafltsbh 4ctl¥ltl• 2023 2U22 Gr8nl fundad g¢Uty Inoi• Sl Governance costs Inolts 61 Tclal eKpendltUfg on chgrflable ocUvlUe• 120.C4JO 4.874 124 874 115,000 119682 5 Grant fvnd•d a¢tlvlty Durkng th? yeoi the follott0 grants ond danoJon8 Wtre payoble., 2023 2022 Si Vincent De Soclety IEn9land and W8le81 Depaul UK Crisls The Hopa Foundatlon PHpyru$ CALM 16Ungton Centre for Refugees DeFouI In¢ematlwal Why rne UK Tho Passag# 35,000 10.000 10,000 10.000 10.000 10,CM)O 10,000 10.000 10,000 5.000 36,0 10,000 10,000 10,000 10,000 10,000 10,OC 10,000 10,000 115th10 71we were m 8UPPOrt COSts Involv•d In Ihe Ghariloble acts'wties. 10
ThE PORTA PIA 2012 FOUNDATrON NOTES TO THE FINANCIAL STATEMENTS l¢ontlnu•d} FOR THE YEAR ENDED 31 DECEMBER 2023 • Governanct Costs 2023 20T2 Indep8nd9nt ey2mln•Jon fees IlnclLbJlng VATI Bank ¢h8ry89 nated actountanGy servic¢5 3,780 3,600 4.874 4.682 7 Flxod tnv¢stm•nts nv 1023 a)22 Market value al 1 January Addthns lo knVestMts at cost DLsposal$ ot carryirffj vèlu8 ernf nt on c48h Unrealised 9alniifosJl on rev8lu8tion 2.420,150 932,434 11,088,324) 79.681 112,931 2.994,036 360,825 1581,3771 120,6241 1232,5101 kl¥th•t Val 06 at 31 D•c8rnb•r 2.458.872 2420 150 Net Cg¥h released from Inwotments h ltre yeo1 wa$ £122.780 I20#,' t120,0001. 2023 2022 UK Il¥ted Investrnenl8 US lisl•d Investm8nts Cash Total 1,986,833 381,995 2,085.081 283.805 2 458 872 Not g8h5111088esl ol th• wjrrfello are 8$ fc41uws'. 2023 2022 R•811sed otyin$lllo$se$l Unreansed 98in$lllos%o11 Nel gaIn$¢I} on knvo$lm•nt 19,397 112931 1121,3201 1332,510 453 830 6 D•btorn 2023 2022 Ac¢ruod In¢Dm 3,918 2,959
THE PORTA PIA ZQ12 FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {Gontlnu8dl FIJR THE YEAR ENDED 31 DECEMBER 2023 9 Cf•dttors: Am4Junts falllng du• wlthin on& y•ar 2023 2022 rmal8 nts payable 5,764 10,0 15,609 10.764 10 R•l•tsd pqrtytrwnsactlons During the yearlte pald t1D.00012022'. £10.ocK)I to Depaul Int?In8tEonal. TN4 chty con8tdered to be a& H L O'shva h88 ba a Twste8 tsf Oopaul Inlemauonal during th8 y88r. H L O'shqa has n)t been invdved In declslon msklng regardlng gr8n15 to th18 ganISat)n. 11 Tru¥te•a and emplo•5 Th• Trustees dld not rx•lw Y rernuneratknn tho y8or nor r8 any 8xpgn8gN relrrt)tJried12022.' £nlll. Tha Trugl do•$ not ha¥• afiy 8mdoye•$ and Truitèèl aro r¢spon$lbl&lor day to day monagornant. 12