THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
REPORT AND STATUTORY ACCOUNTS
YEAR ENDED 31 MARCH 2025
THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
I N D E X
Year ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 2 |
| Independent Examiner’s report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
1
THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
R E P O R T O F T H E T R U S T E E S
Year ended 31 March 2025
The Trustees present their annual report and accounts of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 of the financial statements and with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Structure, governance and management
The Trust was constituted on 17 December 2014, and is governed by the trust deed. The identification and appointment of new Trustees is considered by the existing Trustees. The Trustees who served during the year are shown in the ‘Reference and administrative details’ section below. All trustees give their time freely and no trustee remuneration was paid in the year. The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks.
Objectives and activities for the public benefit
The Trust’s Objects are to promote such Charitable Purpose or Charitable Purposes as the Trustees shall in their absolute discretion think fit. Such Objects include but are not limited to the following:
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a to support any Charities and promote any Charitable Purposes for the benefit of the general public.
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b to advance in life and help young people through the provision of support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
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c to provide support, facilities and opportunities to underprivileged and disadvantaged individuals and communities.
The Trust makes grants to charities and other charitable purposes in accordance with its Objects, and are agreed by the Trustees.
The Trustees, having regard to the public benefit guidance published by the Charities Commission, in accordance with Section 17 of the Charities Act 2011, consider that the purpose of activities of the charity satisfy requirements of the public benefit as set out in Section 4 of the same Act.
Financial review
The accounts are set out on pages 6 to 15.
The charity received donations, net of gift aid, totalling £20 (2024 - £50,000) during the year. The Trustees made grants to 76 (2024 - 78) charities during the year totalling £192,500 (2024 - £197,500).
The Trustees’ policy is to distribute the income as it arises and not to accumulate reserves. Whilst the Trustees are aware of the potential need for a small reserve to meet running costs or for exceptional circumstances, it is the Trustees’ intention to obtain further voluntary income to meet those costs as and when they arise.
Gifts of expendable endowment funds are designated to be held as capital, but the Trustees have the discretionary power to use the funds as income. During the year the Trustees transferred £189,145 (2024 - £205,400) to the unrestricted fund.
At the year end the charity had reserves of £760,135 (2024 - £930,051), of which £760,135 (2024 - £930,051) relates to the expendable endowment fund and £nil (2024 - £nil) relates to the unrestricted income fund. The Trustees will distribute income for charitable purposes in line with the Trust’s objectives and capital will be distributed at the Trustees discretion.
2
THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
R E P O R T O F T H E T R U S T E E S ( c o n t i n u e d )
Year ended 31 March 2025
Achievements and performance
The success of the Trust is measured in terms of distribution of funds for charitable purposes. The funds are distributed through grants to charitable individuals and institutions in furtherance of the objectives of the charity at the Trustees’ discretion.
During the year the charity made grants to:
50 Million Voices African Adventures Foundation Age International Aid to the Church in Need Anthony Nolan Foundation Autism Puzzles Cymru – The Neurodiversity Charity Bethel Trust Port Talbot Blossoms London Ltd Blue Sky Trust British Shalom-Salaam Trust Care for Cambodia Causeway Charitable Services Centre for Legal Aid Assistance and Settlement Comfort International Community Action Network Congo Children Trust Deaf Choices UK Deafkidz International EIG Cancer Research and Scholarship Foundation Ella’s Home Equipping Pastors Worldwide First Steps ED Florence Nightingale Hospice Charity Forever Hounds Trust Fortalice Limited Friends of Kipkelion Friends of Morazan Friends of the Holy Land Funzi and Bodo Trust Gasp Motor Project Gendered Intelligence Gloucestershire Animal Welfare Association and Cheltenham Animal Shelter Good Vibrations Music Limited Growing Hope King’s Cross Headway Southampton Hestia Housing and Support Hope against Suicide Hospice Ethiopia UK Hogwill Family Centre Imperial Health Charity Jigsaw Charity UK Kids Space Let’s Educate Them Lothian Autistic Society (Branch Out Together) Margaret Pyke Trust Mary’s Meals Medair UK
3
THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
R E P O R T O F T H E T R U S T E E S ( c o n t i n u e d )
Year ended 31 March 2025
Mishon New Dawn International New Life Nyambene Off the Streets Parents 1st UK Polka Children’s Theatre Ltd Reaching the Unreached Restored Hope Zambia UK Rising Sun Domestic Violence and Abuse Service Shrewsbury Food Hub Side by Side (Children) Limited Small Steps Project Streams of Mercy Sunfield Children’s Homes Ltd Teacher Aid The Barber Charitable Trust The Baytree Centre The Brilliant Club The Hunger Project The Life Intervention and Friendship Foundation The Naz Project The Oasis Project (The Gambia) The Unconnected Foundation Trustees of Nicky’s Foundation UK friends of the Schneider Children’s Hospital Vita UK Wamba Community Trust Wamumbi Orphan care Foundation We Stand (formerly Mosaic)
Plans for future years
The charity’s plans for the future rest on the charitable intentions of the settlor, Mr M Pignatelli, who will provide donations to the Trust to further its charitable objectives at his own discretion.
Reference and administrative details
Settlor Mr M Pignatelli Date of settlement 17 December 2014 Charity registration number 1162522 Trustees Mr M Pignatelli Mrs J Pignatelli Ms C Pignatelli Registered address 22 Chancery Lane London WC2A 1LS
Approved by the trustees on 2026 and signed on their behalf by: 19 January
MR M PIGNATELLI Trustee
4
THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
I N D E P E N D E N T E X A M I N E R ’ S R E P O R T
Year ended 31 March 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
I report to the trustees on my examination of the accounts of the Trust for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). You are satisfied that an audit is not required for this year under charity law and that an independent examination is needed.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Dixon Wilson, a firm of Chartered Accountants of which I am a partner has provided bookkeeping services to the Trust and I have applied the FRC’s Revised Ethical Standard in carrying out my examination.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters than an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
GREGORY SMYE-RUMSBY ACA Dixon Wilson 22 Chancery Lane London WC2A 1LS
Date: 19/01/2026
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S
Year ended 31 March 2025
| Unrestricted Expendable income endowment Note Fund Fund £ £ Income and endowments from: Donations and legacies: Donations received 20 - Gift aid receivable - - Investments: Dividend income 15,412 - Interest income 1,765 - 17,177 - Total income and endowments 17,197 - Expenditure on: Raising funds: Investment management fees - 4,970 Charitable activities: Grants made 5 192,500 - Accountancy fees 5 4,740 - Administration fees 5 9,000 - Bank charges 5 102 - Total expenditure 206,342 4,970 Net gains on investments 7 - 24,199 Net (expenditure)/income (189,145) 19,229 Transfers between funds 189,145 (189,145) Net movement in funds - (169,916) Reconciliation of funds: Total funds brought forward - 930,051 Total funds carried forward - 760,135 |
Unrestricted Expendable income endowment Note Fund Fund £ £ Income and endowments from: Donations and legacies: Donations received 20 - Gift aid receivable - - Investments: Dividend income 15,412 - Interest income 1,765 - 17,177 - Total income and endowments 17,197 - Expenditure on: Raising funds: Investment management fees - 4,970 Charitable activities: Grants made 5 192,500 - Accountancy fees 5 4,740 - Administration fees 5 9,000 - Bank charges 5 102 - Total expenditure 206,342 4,970 Net gains on investments 7 - 24,199 Net (expenditure)/income (189,145) 19,229 Transfers between funds 189,145 (189,145) Net movement in funds - (169,916) Reconciliation of funds: Total funds brought forward - 930,051 Total funds carried forward - 760,135 |
Unrestricted Expendable income endowment Note Fund Fund £ £ Income and endowments from: Donations and legacies: Donations received 20 - Gift aid receivable - - Investments: Dividend income 15,412 - Interest income 1,765 - 17,177 - Total income and endowments 17,197 - Expenditure on: Raising funds: Investment management fees - 4,970 Charitable activities: Grants made 5 192,500 - Accountancy fees 5 4,740 - Administration fees 5 9,000 - Bank charges 5 102 - Total expenditure 206,342 4,970 Net gains on investments 7 - 24,199 Net (expenditure)/income (189,145) 19,229 Transfers between funds 189,145 (189,145) Net movement in funds - (169,916) Reconciliation of funds: Total funds brought forward - 930,051 Total funds carried forward - 760,135 |
Total 2025 £ 20 - 15,412 1,765 17,177 17,197 4,970 192,500 4,740 9,000 102 |
Total 2024 £ 50,000 12,500 6,170 6,911 13,081 75,581 3,334 197,500 4,920 9,000 150 214,904 36,883 (102,440) - (102,440) 1,032,491 930,051 |
|---|---|---|---|---|
206,342 |
4,970 |
211,312 |
||
- (189,145) 189,145 - - - |
24,199 19,229 (189,145) (169,916) 930,051 760,135 |
24,199 (169,916) - (169,916) 930,051 760,135 |
All income and expenditure derive from continuing activities.
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
B A L A N C E S H E E T
At 31 March 2025
| Note Fixed assets Investments 7 Current assets Cash at bank Total current assets Liabilities Creditors: Amounts falling due within one year 8 Net current assets Total net assets The funds of the charity Unrestricted income fund Expendable endowment fund Total charity funds |
2025 £ 599,768 166,920 166,920 (6,553) 160,367 760,135 - 760,135 760,135 |
2024 £ 672,183 263,221 263,221 (5,353) 257,868 930,051 - 930,051 930,051 |
|---|---|---|
The financial statements set out on pages 6 to 15 were approved by the Trustees on 19 January 2026 and were signed on their behalf by:
MR M PIGNATELLI Trustee
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 SORP) effective on 1 January 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Trust constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
(b) Fund accounting policy
The charity comprises of an unrestricted income fund and an expendable endowment fund. Unrestricted funds are general funds that are available for use at the Trustees’ discretion in furtherance of the objectives of the charity. Expendable endowment funds are capital funds that may be freely converted into spendable income as the trustees see fit.
(c) Income
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Donations are recognised when the Trust has entitlement to the income, there is reasonable assurance of receipt and the amount of income can be measured reliably.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Income from interest royalties and dividends is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Investment gains and losses includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
(d) Expenditure and liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Trust to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
The charity has creditors which are measured at settlement amounts.
The charity accounts for basic financial instruments on initial recognition at the amount receivable or payable adjusted for any related transaction costs. Subsequent measurement is at amortised cost.
(e) Assets
Fixed asset investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at fair value (their market value as bid price) at the year end.
Debtors are measured on initial recognition at settlement amount. Subsequently, they are measured at the cash or other consideration expected to be received.
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
1. Accounting Policies (continued)
(f) Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
2. Prior Year Statement of Financial Activities
| Unrestricted | Expendable | |||
|---|---|---|---|---|
| income | endowment | Total | ||
| Fund | Fund | 2024 | ||
| £ | £ | £ | ||
| Income and endowments from: | ||||
| Donations and legacies: | ||||
| Donations received | - | 50,000 | 50,000 | |
| Gift aid receivable | - | 12,500 | 12,500 | |
| Investments: | ||||
| Dividend income | 6,170 | - | 6,170 | |
| Interest income | - |
6,911 |
6,911 |
|
6,170 |
6,911 |
13,081 |
||
| Total income and endowments | 6,170 |
69,411 |
75,581 |
|
| Expenditure on: | ||||
| Raising funds: | ||||
| Investment management fees | - | 3,334 | 3,334 | |
| Charitable activities: | ||||
| Grants made | 5 | 197,500 | - | 197,500 |
| Accountancy fees | 5 | 4,920 | - | 4,920 |
| Administration fees | 5 | 9,000 | - | 9,000 |
| Bank charges | 5 | 150 |
- |
150 |
| Total expenditure | 211,570 |
3,334 |
214,904 |
|
| Net gains/(losses) on investments | 7 | - |
36,883 |
36,883 |
| Net (expenditure)/income | (205,400) |
102,960 |
(102,440) |
|
| Transfers between funds | 205,400 |
(205,400) |
- |
|
| Net movement in funds | - |
(102,440) |
(102,440) |
|
| Reconciliation of funds: | ||||
| Total funds brought forward | - |
1,032,491 |
1,032,491 |
|
| Total funds carried forward | - |
930,051 |
930,051 |
All income and expenditure derive from continuing activities.
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
3. Trustees’ remuneration and expenses
The Trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind.
4. Employees
The Trust did not have any employees during the year (2024 – nil).
5. Analysis of charitable expenditure
The charity undertakes its charitable activities through grant making and awards grants to institutions in furtherance of its charitable objectives.
| Grant funded Governance activity costs £ £ Funded from unrestricted income fund: Grant making 192,500 13,842 Total 192,500 13,842 Governance costs 2025 £ Bank charges 102 Administration fees 9,000 Accountancy fees 4,740 13,842 Accountancy fees payable to the independent examiner's firm as follows: - Examination 1,000 - Accountancy 3,740 4,740 |
Total 2025 £ 206,342 |
|---|---|
206,342 |
|
2024 £ 150 9,000 4,920 |
|
14,070 |
|
1,000 3,920 |
|
4,920 |
(continued)
10
THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
| 5. Analysis of charitable expenditure (continued) Recipients of institutional grants: 1001Fontaines UK 50 Million Voices A Partner in Education A Place to Call Our Own Action Through Enterprise African Adventures Foundation Age International Aid to the Church in Need Amplify Action Anthony Nolan Foundation Autism Puzzles Cymru – The Neurodiversity Charity Bethel Trust Port Talbot Blossoms London Ltd Blue Sky Trust Borderline Counsel British Shalom-Salaam Trust Care for Cambodia Cataracts are Curable Causeway Charitable Services Centre for Legal Aid Assistance and Settlement Cetacean Research Chance for Childhood Cheetah Conservation Children on the Edge Christel House Europe City to Sea CIO CLCS Colchester Comfort International Community Action Network Congo Children Trust Cribs International Daisies Kids Club Deaf Choices UK Deafkidz International Eduspots EIG Cancer Research and Scholarship Foundation Ella’s Home Embrace the Middle Equipping Pastors Worldwide Everyone’s Invited Ezra Umarpeh Ltd Facet CIO Fareshare Midlands First Steps ED Florence Nightingale Hospice Charity Forever Hounds Trust Fortalice Limited Fountain of Life Carried forward |
2025 £ - 2,500 - - - 2,500 2,500 2,500 - 2,500 2,500 2,500 2,500 2,500 - 2,500 2,500 - 2,500 2,500 - - - - - - - 2,500 2,500 2,500 - - 2,500 2,500 - 2,500 2,500 - 2,500 - - - - 2,500 2,500 2,500 2,500 - 62,500 |
2024 £ 2,500 - 2,500 2,500 2,500 - - - 2,500 - - - 2,500 - 2,500 - - 2,500 - - 2,500 2,500 2,500 2,500 2,500 2,500 2,500 - - - 2,500 2,500 - - 2,500 - - 2,500 - 2,500 2,500 2,500 2,500 - - - - 2,500 60,000 |
|---|---|---|
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
| 5. Analysis of charitable expenditure (continued) Brought forward Friends of Kipkelion Friends of Morazan Friends of the Holy Land Funzi and Bodo Trust Future of Taru Gasp Motor Project Gendered Intelligence Global Support Link Gloucestershire Animal Welfare Association and Cheltenham Animal Shelter Good Vibrations Music Limited Green Shoots Foundation Growing Hope King’s Cross Hands Around The World Headway Southampton Heart + Minds Ltd Helen Bamber Foundation Hestia Housing and Support Hope Against Suicide Hospice Ethiopia UK Hogwill Family Centre Imperial Health Charity Inter Care Ltd Interburns International Aid Jigsaw Charity UK Kidasha Kids Space Kisumu Children Trust Let’s Educate Them Lilomi Linda’s Fund Lives in Focus LMK (Let Me Know) Lothian Autistic Society (Branch Out Together) Manisha UK Margaret Pyke Trust Mary’s Meals Medair UK Medevac Frontline Memusi Foundation Microphthalmia, Anophthalmia & Coloboma Support Mishon Mondochallenge Foundation New Dawn International New Life Nyambene Off the Streets One by One Parents 1st UK Carried forward |
2025 £ 62,500 2,500 2,500 2,500 2,500 - 2,500 2,500 - 2,500 2,500 - 2,500 - 2,500 - - 2,500 2,500 2,500 2,500 2,500 - - - 2,500 - 2,500 - 2,500 - - - - 2,500 - 2,500 2,500 5,000 - - - 2,500 - 2,500 2,500 2,500 - 2,500 132,500 |
2024 £ 60,000 - - - - 2,500 - - 2,500 - - 2,500 - 2,500 - 2,500 2,500 - - - - - 2,500 2,500 2,500 - 2,500 - 2,500 - 2,500 2,500 2,500 2,500 - 2,500 - - - 2,500 2,500 2,500 - 2,500 - - - 2,500 - 112,500 |
|---|---|---|
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
| 5. Analysis of charitable expenditure (continued) Brought forward Pear Tree Special School Fund Pestalozzi International Polka Children’s Theatre Ltd Porridge and Pens Ghana Pump Aid Pursue Reaching the Unreached Remember by Baby Remembrance Photography Reprieve Rescue the Perishing Restored Hope Zambia UK Rising Sun Domestic Violence and Abuse Service Safehands Sailor’s Society Salt of the Earth Scholarships for Street Kids Seal Future Foundation Sense International Shrewsbury Food Hub Side by Side (Children) Limited Signpost International Small Steps Project SSAFA Streams of Mercy Sunfield Children’s Home Ltd Svitlo Education Teacher Aid The Barber Charitable Trust The Baytree Centre The Biojemmss Organisation The Book Bus Foundation The Brilliant Club The Dorcas Dress Project The Friends of H.O.P.E The Hummingbird Initiative The Hunger Project UK The Joshua Generation The Life Intervention and Friendship Foundation The Lorna Young Foundation The Lunchbowl Network The Naz Project London The Oasis Project (The Gambia) The Unconnected Foundation Tiny Tims Children Together for Short Lives Tools for Inner Peace Carried forward |
2025 £ 132,500 - - 2,500 - - - 2,500 - - - 2,500 2,500 - - - - - - 2,500 2,500 - 2,500 - 2,500 2,500 - 2,500 2,500 2,500 - - 2,500 - - - 2,500 - 2,500 - - 2,500 2,500 2,500 - - - 177,500 |
2024 £ 112,500 2,500 2,500 2,500 2,500 2,500 2,500 - 2,500 2,500 2,500 - - 2,500 2,500 2,500 2,500 2,500 2,500 - - 2,500 - 2,500 - - 2,500 - - - 2,500 2,500 - 2,500 2,500 5,000 - 2,500 - 2,500 2,500 - - - 2,500 2,500 2,500 187,500 |
|---|---|---|
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
| 5. Analysis of charitable expenditure (continued) Brought forward Trustees of Nicky’s Foundation Tushinde Children’s Trust UK friends of the Schneider Children’s Hospital Us in a Bus Via Wings Vita UK Wamba Community Trust Wamumbi Orphan Care Foundation We Stand (formerly Mosaic) Zambia Orphans Aid |
2025 £ 177,500 2,500 - 2,500 - - 2,500 2,500 2,500 2,500 - 192,500 |
2024 £ 187,500 - 2,500 - 2,500 2,500 - - - - 2,500 197,500 |
|---|---|---|
All grants were made to the institutions with no restrictions attached and are to be used by the charities to meet their general objectives.
Expenditure on charitable activities was £192,500 (2024 - £197,500) of which £192,500 (2024 -£197,500) was unrestricted.
6. Related party transactions
The charity received donations during the year of £nil (2024 - £50,000) from the settlor and trustee, Mr M Pignatelli.
| 7. Fixed asset investments Market value brought forward Additions at cost Disposal proceeds Net gain on revaluation Market value as at 31 March 2025 Investments at fair value comprised: Listed equities and bonds |
2025 2024 £ £ 672,183 872,060 130,314 1,019,528 (226,928)(1,256,288) 24,199 36,883 599,768 672,183 599,768 672,183 |
2025 2024 £ £ 672,183 872,060 130,314 1,019,528 (226,928)(1,256,288) 24,199 36,883 599,768 672,183 599,768 672,183 |
2025 2024 £ £ 672,183 872,060 130,314 1,019,528 (226,928)(1,256,288) 24,199 36,883 599,768 672,183 599,768 672,183 |
|---|---|---|---|
| 8. Creditors: amounts falling due within one year Accruals Accountancy fees Other creditors |
2025 £ 1,800 4,740 13 6,553 |
2024 £ 1,800 3,540 13 5,353 |
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THE CARMELA AND RONNIE PIGNATELLI FOUNDATION
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
Year ended 31 March 2025
9. Analysis of charitable funds
| Unrestricted income fund Expendable endowment fund Previous year Unrestricted income fund Expendable endowment fund |
Brought Forward £ - 930,051 930,051 Brought Forward £ - 1,032,491 1,032,491 |
Income Expenditure Transfer £ £ £ 17,197 (206,342) 189,145 - (4,970) (189,145) 17,197 (211,312) - Income Expenditure Transfer £ £ £ 6,170 (211,570) 205,400 69,411 (3,334) (205,400) 75,581 (214,904) - |
Gains/ (losses) £ - 24,199 24,199 |
Carried forward £ - 760,135 760,135 Carried forward £ - 930,051 930,051 |
|---|---|---|---|---|
| Gains/ (losses) £ - 36,883 36,883 |
10. Financial assets and liabilities
The following are financial assets and liabilities that qualify as basic financial instruments and are initially recognised at transaction value and subsequently measured at their amortised cost:
Financial assets
| Cash at bank Financial liabilities Trade creditors Other creditors |
166,919 166,919 4,740 13 4,753 |
263,221 263,221 3,540 13 3,553 |
|---|---|---|
The following are financial assets that qualify as basis financial instruments are initially recognised at transaction value and subsequently measured at their fair value as at the balance sheet date.
| Financial assets Fixed asset investments |
599,768 599,768 |
672,183 672,183 |
|---|---|---|
15