| Page | ||
|---|---|---|
| Company Information |
||
| Trustees' Report |
3-4 | |
| Statement ofDirectors' | Responsibilities | |
| Independent Auditor's |
Report | 6-8 |
| Statement of Financial | Activities | |
| Balance Sheet | 10 | |
| Statement ofCash Flows | ||
| Accounting Policies |
12&13 | |
| Notes to the Financial | Statements | 14-16 |
| THE GAUDIO FAMILY FOUNDATION | THE GAUDIO FAMILY FOUNDATION | (UK) | LIMITED | STATEMENT OF FINANCIAL ACTIVITIES | STATEMENT OF FINANCIAL ACTIVITIES | STATEMENT OF FINANCIAL ACTIVITIES |
|---|---|---|---|---|---|---|
| (incorporating | an income and expenditure | account) | ||||
| Year ended 31December 2020 | ||||||
| Note | 2020 | 2019 | ||||
| Income and endowments | from: | |||||
| Donations | 13,498,427 | 7,020,457 | ||||
| Gift aid | 1,760,030 | 1,123,209 | ||||
| Investment income |
153,128 | 33,874 | ||||
| Total Income | 15,411,585 | 8,177,540 | ||||
| Expenditure on: |
||||||
| Cost of raising funds Charitable activities |
31,536 5,208,399 |
3,192,915 | ||||
| Total Expenditure | 5,239,935 | 3,192,915 | ||||
| Net income forthe year | 10,171,650 | 4,984,625 | ||||
| Other gainsl(losses) Foreign exchange investments |
254,429 1,413,127 |
(397,875) 336,262 |
||||
| Net movement in funds |
11,839,206 | 4,923,012 | ||||
| Balance brought forward at start ofyear |
22,203,707 | 17,280,695 | ||||
| Balance carried forward | at end ofyear | 634,042,913 822,203,707 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Fixed Assets | |||||||
| Investments | 17,130,387 | 7,919,151 | |||||
| Current Assets | |||||||
| Debtors | |||||||
| Unpaid share capital | 1 | 1 | |||||
| Cash at bank and in | hand | 16,926,666 | 14,291,556 | ||||
| 16,926,667 | 14,291,557 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 6 | (14,140) | (7,000) | ||||
| Net Current Assets | 16,912,527 | 14,284,557 | |||||
| Net Assets | 834,042,914 | f22,203,708 | |||||
| r | |||||||
| Reserves | |||||||
| Called up share capital | 1 | 1 | |||||
| General fund | 34,042,913 | 22,203,707 | |||||
| 634,042,914 | F22,203,708 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Net cash | flow from operating activities |
(see below) | 10,025,662 | 4,950,183 |
| Cash from investing activities |
||||
| Payments Increase |
to acquire investments in cash held at investment managers |
(17,805,673) (146,273) |
(8,500,057) (210,754) |
|
| Proceeds | from sale ofinvestments | 10,153,837 | 1,127,922 | |
| Dividends | and interest from investments | 153,128 | 33,874 | |
| Net cash | flow by investing activities |
(7,644,981) | (7,549,015) | |
| Effect ofexchange rate fluctuations on cash held |
254,429 | (397,875) | ||
| Change in cash and cash equivalents | in the year | 2,635,110 | (2,996,707) | |
| Cash and | cash equivalents brought forward |
14,291,556 | 17,288,263 | |
| Cash and | cash equivalents carried forward |
f16,926,666 | f14,291,556 | |
| Net income for the year Dividends and interest from investments |
10,171,650 (153,128) |
4,984,625 (33,874) |
||
| increase/(Decrease) in creditors |
7,140 | (568) | ||
| Net cash | flow from operating activities |
f10,025,662 | 84,950,183 |
| 1. | Donations | Donations | Year ended 31Dece |
mber 2020 | |
|---|---|---|---|---|---|
| Income in the year was unrestricted |
and in the form ofdonations | from aTrustee (see note | 10). | ||
| 2. | Costs ofraising funds | 2020 | 2019 | ||
| Investment managers fees |
f31,536 | F= | |||
| 3. | Expenditure on charitable activities |
||||
| 2020 | 2019 | ||||
| Grants made: | |||||
| Gaudio Family Foundation | 3,200,003 | 2,360,003 | |||
| West London Zone | 185,000 | 57,683 | |||
| City Harvest Limited |
180,000 | 89,385 | |||
| StGiles Trust | 160,000 | 66,717 | |||
| Safe I ives Limited | 160,000 | 57,679 | |||
| The Anna Freud Centre | 160,000 | ||||
| Helpforce Community | Trust | 160,000 | |||
| Mental Health Innovations |
160,000 | ||||
| Refugee Action | 160,000 | ||||
| Smart Works Charity | 80,000 | 80,058 | |||
| Place2Be | 80,000 | 5?,781 | |||
| Just for Kids Law | 80,000 | 41,635 | |||
| Drive Forward Foundation |
80,000 | ||||
| Girls not Brides | 80,000 | ||||
| Resurgo Trust | 80,000 | ||||
| SocDes Amis National | 27,249 | 140,645 | |||
| Camfed international |
83,465 | ||||
| Mothers2Mothers | 79,500 | ||||
| Zene de Zene International | 15,715 | ||||
| Returned grants |
(?0,361) | ||||
| 5,032,252 | 3,059,905 | ||||
| Support costs: | |||||
| Professional fees |
174,422 | 130,841 | |||
| Trustee indemnity insurance |
1,725 | 1,882 | |||
| Other costs | 287 | ||||
| E5,208,399 | K3,192,915 | ||||
| 4. | Net movement in funds |
2020 | 2019 | ||
| I | |||||
| Net income is stated after | charging: | ||||
| Auditors' remuneration —current year |
E?,140 | Z?,000 |
| 5. | Investments | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|
| Balance brought forward |
7,708,397 | ||||||
| Additions | 17,805,673 | 8,500,057 | |||||
| Sale proceeds | (10,153,837}(1,127,922) | ||||||
| Net gains/(losses) | 1,413,127 | 336,262 | |||||
| 16,773,360 | 7,708,397 | ||||||
| Cash held at investment | managers | 357,027 | 210,754 | ||||
| E1?,130,387 | f7,919,151 | ||||||
| investments at fair value |
include | ||||||
| Equities | 11,552,713 | 5,304,293 | |||||
| Bonds | 4,785,364 | 2,404,104 | |||||
| Commodities | 435,283 | ||||||
| Cash within investment |
portfolio | 357,027 | 210,754 | ||||
| f17,130,387 | E7,919,151 | ||||||
| 6. | Creditors: amounts | falling due within one year | 2020 | 2019 | |||
| Accruals | F14,140 | E7,000 | |||||
| 7. | Share Capital | ||||||
| Authorised | |||||||
| 1 Ordinary share off1 |
each | ||||||
| Allotted, called up and | fully paid | ||||||
| 1 Ordinary shares of | F1 | each | |||||
| 8, | Reconciliation ofIlovements | in Reserves | |||||
| Result for the year | 11,839,206 | 4,923,012 | |||||
| Opening shareholder's |
funds | 22,203,707 | 17,280,695 | ||||
| Closing shareholder's | funds | 234,042,913822,203,707 |