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|---|---|---|
|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|
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|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||
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|||||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|
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|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||
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