| Full name | o | fCharity: | The McBain Family Foundation | ||||||||
| Nature ofgoverning | document: Charitable Trust Deed dated 15December |
2017 | |||||||||
| Registration | Number: | 1178329 | |||||||||
| Trustees: | Alastair David McBain |
||||||||||
| Natalia McBain |
|||||||||||
| Oliver James McBain | |||||||||||
| Sophie McBain | |||||||||||
| Registered | Address: | 40 Holborn Viaduct, Holborn, London, |
EC1N 2PZ | ||||||||
| Principal Banker: | Arbuthnot Latham Private Bankers, Arbuthnot |
House, 7 Wilson | Street, London, | ||||||||
| EC2M 2SN | |||||||||||
| Solicitors: | Irwin Mitchell LLP, Thomas Eggar House, Friary Lane, Chichester, | West Sussex, | |||||||||
| PO19 1UF | |||||||||||
| Independent | Auditor: | Claire Norwood, Jones Avens, Piper |
House, | 4 Dukes | Court, | Bognor | Road, | ||||
| Chichester, West Sussex, PO19 8FX |
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| Investment | Managers: | Allonby & Partners Limited, 10Orange |
Street, | London, WC2H 7DQ | |||||||
| Operating | Restrictions: | To provide relief from poverty orthe promotion ofeducation | anywhere | in the | world | ||||||
| orfor ortowards such other charitable | purposes as the Trustees shall | select from | |||||||||
| time to time. | |||||||||||
| Specific investment | powers: | In accordance with the Trustee Investment Act |
1961as amended | by the Charities | |||||||
| (Trustee Investment Act 1961)Order 1995. |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| 2/e 2023 | 2/e 2022 | |||||
| Net cash used In operating | activities | 12 | 1,080,319.28 | (674,050.50) | ||
| Cash flows from investing | activities: | |||||
| Interest snd dividends | 1,121.14 | 1,311.99 | ||||
| Purchase ofinvestments |
(1,176,423.71) | (538,389.00) | ||||
| Proceeds from sale of investments | 1,292,566.93 | 571,218.59 | ||||
| GiR Aid repayment | ||||||
| Net cash provided by investing |
activities | 117,264.36 | 34,141.58 | |||
| Change in cash and cash |
equivalents | in the year | 1,197,583.64 | (639,908.92) | ||
| Cash brought forward (at bank snd on |
porffolio) | 306,850.10 | 946,759.02 | |||
| Cash carried forward | 1,504,433.74 | 306,850.10 |
| Page 9 | |||||||
|---|---|---|---|---|---|---|---|
| THE MCBAIN FAMILY FOUNDATION | |||||||
| REGISTERED CHARITY NO 1178329 | |||||||
| Statement ofFinancial Activities forthe Year ended | 31 | Janus 2023 |
|||||
| Year ended | Yearended | ||||||
| Note | 31.1.23 | 31.1.22 | |||||
| INCOME 8 EXPENDITURE | |||||||
| Donations and Legacies |
1,202,856.78 | 538,389.00 | |||||
| Gross investment income |
1,121.14 | 1,311.99 | |||||
| Total Income | 2 | 1,203,977.92 | 2 | 539,700.99 | |||
| Resources expended | |||||||
| Charitable Activities |
481,064.29 | 1,426,883.50 | |||||
| Total Resources Expended | 481,064.29 | 1,426,883.50 | |||||
| Net ILosses)/Gains on Investments |
|||||||
| Realised Gain on sale | ofinvestments | 116,143.22 | 32,829.59 | ||||
| Net income for the year/Net | movement | in funds | 839,056.85 | (854,352.92) | |||
| Fund balance brought | forward | 301,858.10 | 1,156,211.02 | ||||
| Fund balance carried | forward 31.1.23 | 1,140,914.95 | 301,858.10 |