2020-12-31-accounts - The Karlsson Jativa Charitable Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Unrestricted	Expendable	ZOZO Total	ZOZO Total	2019Total
		Notes	funds	endowmentI	fundsf		funds
Income
Donations		2	9,168		9,168		13,329
Investment income		3	454,791		454,791		611,756
Interest on cash and money market funds			2 083		2	083	4530
Total income			466 042		466	042	629,615
E38pendttures
Costs ofraising funds:
Investment management	fee			155,985	155,985		160,734
Expenditures on charitable
activities:
Music			915,778		915,778		774,927
Poverty, health and education Total expenditure			340451 1256,229	155985	340 ~1.412	451 14	I 008274 ~1943 35
Net loss before gains and
losses			(790,187)	(155,985)	(946,172)		(1,314,320)
Net gains on revaluation investments	of			1 624 844	1 624	844	3441164
Net Ooss)lincomefor the
year			(790,187)	1,468,859	678	672	2 126844
Transfer between funds			300,000	(300,000)
Foreign exchange posses)/gains			927	6,561	5,634		~20.338
Net movementin funds			(491,114)	1,175,420	684,306		2,106,506
Fund balances brought
forward			753,175	29,413,628	30 166	803	28 060 297
Fund Balances carried
fonvurd			262 061	30589048	30851	109	30 166803

					2020	2079
				Notes
Fixed assets
investments				6	30.395.678	29.370.940
Current assets
Debtors					115737	32,077
Cash and money		market funds			544.694	816 171
liabilities Cmditors: amounts			falling due within one year	8	5565431 ~	848.248 ~2385
ltet current	assets				455.431	795.863
Wet assets					30.851.109	30.]66.803
Representing:
Thefunds ofthe		churl ty
Expendable	Endowment				30,589.048	29,413,628
Unrestricted	income		fund		262,061	753 175
Total charity	funds			9	30.851,109	30.166,803

or the year ended 31 December	2020
		2020	20/9
Cash flows from operadn g activities Net movement in funds		684,306	2,106,506
Adj ustm entsfor:
Interest and dividend income from investments		(454,791)	(611,756)
Interest from cash and money market funds		(2,083)	(4,530)
(Gains)/losses on investments		(1,624,844)	(3,441,164)
Foreign exchange (gains)/losses		(5,634)	20,338
Decrease in debtors		20,340	54,531
Increase in creditors		48,615	943
Cash used in operating acdvities		~2334,097	~2875 132
Cash flows from invesdng activities
Interest and dividend income from investments		454,791	611,756
Interest I'rom cash and money market funds		2,083	4,530
Purchase ofinvestments		(6,951,533)	(2,540,038)
Proceeds from sale ofinvestments		7,551,639	4,058,277
Cash generated from investing activities		1 056,980	2,134,525
Change in cash and cash equivalents in the year		(277,111)	259,393
Cash and cash equivalent atthe begot ning oftheyear		816,171	577,116
Change in cash and cash equivalent	due to exchange rate
movements		5,634	(20,338)
Cash and cash equivalent atthe end ofthe year		544 694	816 171
Analysis ofcash and cash equivalents
Money market fund		285,758	740,343
Cash in brokerage accounts		142,341	30,254
Cash at bank		116,595	45,574
Totul cash and cash equivalents		544,694	816 171

nvestment income
	2020	2019
Listed investments:
Dividends - Non UK equities	318,180	408,362
Interest - UK fixed interest securities	15,777	20,450
Interest - Non UK fixed interest securities	104,635	126,401
Dividends —Other Investments	16,199	56,543
	454,791	611,756

					Support	Allocation of	Total	Total
					Grants to	Governance	Expenditure	Expenditure
					Institutions	Costs	2020	2019
Charitable	activity
Music					872,173	43,605	915,778	774,927
Poverty, health and education					335,000	5,451	340,451	1,008,274
					1,207,173	49,056	1,256,229	1,783,201
Support grants by country							2020	2019
								8
Sweden							611,173	533,556
United Kingdom							596,000	1,200,000
							1,207,173	1,733,556
Support grants by institution
							2020	2019
							8	8
Aurora Orchestra							50,000	50,000
Birmingham	Conservatoire						61,000	100,000
Latin American		Children's		Trust			335,000	1,000,000
Music Masters							50,000	50,000
Noah's Ark	Children's		Hospice				50,000
ORA Choir							30,000
Signatur Foundation			Sweden				611,173	533,556
The Music	Works						20,000
							1,207,173	1,733,556

nvestments	nvestments	nvestments
Movement in fixed asset listed investments			2020f	2019
Opening	market value		29,370,940	27,448,015
Additions	at cost		6,951,533	2,540,038
Disposals	at carrying	value	(7,551,639)	(4,058,277)
Net gains	on revaluation		1,624,844	3,441,164
Closing market value			30,395,678	29370940
			2020	2019
Investments at fair value comprised
Non UK	equities		19,202,489	18,556,270
UK fixed	interest securities		1,498,858	1,862,673
Non UK	fixed interest	securities	3,735,001	3,233,904
Other investment			5,959,330	5,718,093
			30,393,673	29 370 940

7.	Debtors
					2020	2019
						f
	Accrued investment	income			11737	32077
					11737	32 077
8.	Creditors: amounts		falling	due within one year
					2020	2019
	Accrued audit, tax	and	accounting	fees	10,800	11,540
	Accrued investment	management		fees	40,177	40,824
	Accrued charitable	donations			50,000
	Other creditors				23	21
					101000	52,385
	There are no liabilities falling due			after more than one year.

							2019	2019
Financial assets measured at expenditure	fair value		through			income or	30,395,678	29,370,940
Financial assets measured at	amortised		cost				556,431	848,248
							30952109	30291188
Financial liabilities measured	at amottised			cost			~3~1000	~52385
Income, expense and nei gains and		losses, including
changes infair value.
Gains on financial assets measured		at	fair value			through
income or expenditure							1,624,844	3,441,164
Dividend income from financial assets			measured			at fair
value through income or expenditure							334,379	464,905
Interest income on financial	assets measured				at	fair value
through income or expenditure							120,412	146,851
Interest income on financial	assets measured				at	amortised
cost							2083	4 530
							2 081 718	4057,450
Financial risk management
Market risk