| Page | ||
|---|---|---|
| Company Information |
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| Trustees' Report | 3-4 | |
| Statement of Directors' | Responsibilities | |
| Independent Auditor's |
Report | 6-8 |
| Statement ofFinancial | Activities | |
| Balance Sheet | 10 | |
| Statement ofCash Flows | ||
| Accounting Policies |
128 13 | |
| Notes tothe Financial | Statements | 14-16 |
| THE GAUDIO FAMILY FOUNDATION | THE GAUDIO FAMILY FOUNDATION | (UK) | LIMITED STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) |
LIMITED STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) |
LIMITED STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) |
LIMITED STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) |
LIMITED STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) |
|---|---|---|---|---|---|---|---|
| Year ended 31 December 2022 | |||||||
| Note | 2022 | 2021 | |||||
| Income and endowments | from: | ||||||
| Donations Gift aid Investment income |
10,956,522 3,890,239 421,932 |
7,305,158 3,601,167 349,702 |
|||||
| Total Income | 15,268,693 | 11,256,027 | |||||
| Expenditure on: |
|||||||
| Cost ofraising funds Charitable activities |
149,276 6,248,731 |
118,074 3,870,711 |
|||||
| Total Expenditure | 6,398,007 | 3,988,785 | |||||
| Net income for the year | 8,870,686 | 7,267,242 | |||||
| Other gains/(losses) Foreign exchange gains Investments |
2,730,292 (2,399,695) |
(57,577) 1,960,535 |
|||||
| Net movement in funds |
9,201,283 | 9,170,200 | |||||
| Balance brought forward at start ofyear | 43,213,113 | 34,042,913 | |||||
| Balance carried forward | at end of year | 652,414,396 | F43,213,113 |
| 2022 | 2021 | |
|---|---|---|
| Net cash flow from operating activities (see below) |
8,440,621 | 6,927,273 |
| Cash from investing activities Payments to acquire investments Increase in cash held at investment managers Proceeds from sale of investments Dividends and interest from investments |
(10,240,588) (297,529) 9,880,397 421,932 |
(21,926,987) (406,946) 15,237,032 349,702 |
| Net cash flow by investing activities |
(235,788) | (6,747,199) |
| Effect ofexchange rate Ructuations on cash held |
2,730,292 | (57,577) |
| Change in cash and cash equivalents in the year |
10,935,125 | 122,497 |
| Cash and cash equivalents brought forward |
17,049,163 | 16,926,666 |
| Cash and cash equivalents carried forward |
F27,984,288 | F17,049,163 |
| Net income forthe year Dividends and interest from investments Increase/(Decrease) in creditors |
8,870,686 (421,932) (8,133) |
7,267,242 (349,702) 9,733 |
| Net cash flow from operating activities |
58,440,621 | E6,927,273 |
| 1. | Donations |
Donations |
Year ended 31Dec |
ember 2022 | |
|---|---|---|---|---|---|
| Income in the year was unrestricted | and in the form ofdonations | from a Trustee (see note | 10). | ||
| 2. | Costs ofraising funds | 2022 | 2021 | ||
| Investment managers fees |
6149,276 | 6118,074 | |||
| 3. | Expenditure on charitable |
activities | |||
| 2022 | 2021 | ||||
| Grants made: | |||||
| Gaudio Family Foundation | 3,983,377 | 2,166,892 | |||
| West London Zone | 175,000 | 150,000 | |||
| St Giles Trust | 175,000 | 150,000 | |||
| Safe Lives Limited | 150,000 | 150,000 | |||
| The Anna Freud Centre | 150,000 | 150,000 | |||
| Girls not Brides | 150,000 | 150,000 | |||
| Resurgo Trust | 150,000 | 150,000 | |||
| Mental Health Innovations |
150,000 | 150,000 | |||
| City Harvest Limited Refugee Action Smart Works Charity |
150,000 125,000 125,000 |
75,000 75,000 75,000 |
|||
| Drive Forward Foundation | 100,000 | 75,000 | |||
| Football Beyond Borders | 100,000 | ||||
| New Horizon Youth Centre | 100,000 | ||||
| Little Village | 100,000 | ||||
| Place2Be | 75,000 | 75,000 | |||
| SocDes Amis National | 25,793 | ||||
| Just for Kids Law | 75,000 | ||||
| 5,984,170 | 3,666,892 | ||||
| Supportcosts: Professional fees |
264,561 | 203,819 | |||
| 66,248,731 | 63,870,711 | ||||
| 4. | Net movement in funds |
2022 | 2021 | ||
| Net income is stated after charging: | |||||
| Auditors' remuneration (net |
ofVAT) | ||||
| statutory audit |
L7,165 | 67,000 | |||
| tax services | 61,050 | 51,050 |
| 5. | Investments | 2022 | 2021 | |
|---|---|---|---|---|
| Balance brought forward Additions Sale proceeds Net gains/(losses) |
25,423,850 10,240,588 (9,880,397) (2,399,695) |
16,773,360 21,926,987 (15,237,032) 1,960,535 |
||
| 23,384,346 | 25,423,850 | |||
| Cash held at investment managers |
1,061,502 | 763,973 | ||
| 624,445,848 | E26,187,823 | |||
| Investments at fair value include |
||||
| Equities Bonds Cash within investment portfolio |
15,346,139 8,038,207 1,061,502 |
17,324,522 8,099,328 763,973 |
||
| f24,445,848 | E26,187,823 | |||
| 8. | Creditors: amounts falling due within one year |
2022 | 2021 | |
| Accruals | 515,740 | 523,873 | ||
| 7. | Share Capital | |||
| Authorised | ||||
| 1 Ordinary share ofF1 each | ||||
| Allotted, called up and fully paid | ||||
| 1 Ordinary shares ofF1each |
||||
| 8. | Reconciliation ofMovements |
in Reserves | ||
| Result forthe year Opening shareholdef sfunds |
9,201,283 43,213,113 |
9,170,200 34,042,913 |
||
| Closing shareholder's funds |
552,414,396 | F43,213,113 |