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|Trustees||Sr P M Conroy|||
|---|---|---|---|---|
|||Sr M0 Babic|||
|||SrA M Murillo|Arevalo||
|||Sr G M Nabuurs|||
|Secretary||L&PTrustee Services Limited|||
|Charity number||1178995|||
|Company|number|10851948|||
|Registered|address|34Chepstow|Villas||
|||London|||
|||W112QZ|||
|Auditors||Sanders|||
|||1Bickenhall Mansions|||
|||Bickenhall Street|||
|||London|||
|||W1U 68P|||
|Investment|Manager|Cantor Fitzgerald||Ireland|
|||23StStephens Green|||
|||Dublin 2|||
|Bankers||Lloyds Bank|||
|||25 Gresham Street|||
|||London|||
|||EC2V 7HN|||
|||Allied
Irish Banks|||
|||3rd Floor|||
|||1Adelaide
Road|||
|||Dublin 2|||
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|||Page|
|---|---|---|
|Trustees'
Report||1-11|
|Independent
Auditor's|Report|12-15|
|Statement of Financial|Activities|16|
|Statement of Financial|Position|17|
|Statement of Cash flows||18|
|Notes to the Financial|Statements|19-27|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Cashflow|from Operating|Activities|||||
|Net cash|provided
by operating
activities|||12|18,701,570|702,232|
||||||18,701,570|702,232|
|Cashflow|from investing activities||||||
|Cost ofgenerating
funds paid out of investments|||||164,526|30,850|
|Purchases|ofinvestments||||(35,311,801)||
|Proceeds|from sale ofinvestments||||17,483,304||
|Net cash|used by investing|activities|||(17,663,971)|30,850|
|Changes|in cash and cash|equivalent|in the|year|1,037,599|733,082|
|Cash and|cash equivalent|at 1January|||1,063,009|329,927|
|Cash and|cash equivalent|at 31December||13|2,100,608|1,063,009|
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||||Unrestricted|Funds|General|
|---|---|---|---|---|---|
||||2021||2020|
||||E||E|
|Donations|and|gifts|19,744,994||1,379,449|
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|4|INCOME FRO|M INVESTMENT|S||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Funds General|
||||||2021|2020|
||||||E|E|
||Income from|listed investments|||581,686|203,698|
||Interest receivable||||11|5|
||||||581,697|203,703|
|5.|CHARITABLE|ACTIVITY EXPENDITURE|||||
||||||Unrestricted|Funds General|
||||||2021|2020|
||||||E||
||Donations||||1,053,223|872,052|
||Support costs||||64,067|17,766|
||Governance|costs - auditor's|remuneration|for|||
||audit services||||18,726|18,146|
||Governance|costs - auditor's|remuneration|for|||
||other services||||52,380|15,900|
||Other currency exchange movements||||93,478|(19,183)|
||||||1,281,874|904,681|
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|RAISING|F|UNDS||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Funds|General|
||||||2021||2020|
||||||E|||
|Investment||Management||fees|121,094||52,859|
|Financial|management||fees||5,383||5,353|
|Company||secretarial|fees||6,225||6,864|
||||||132,702||65,076|
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||travel expenses amount|in|g|tof1,310(2020:|f1,919)|were paid in total|to|4trustees.|
|---|---|---|---|---|---|---|---|---|
|||||||2021||2020|
|||||||f||f|
||Wages and Salaries|||||42,389|||
||Pension costs|||||2,312|||
||Social welfare costs|||||13,227|||
|||||||57,928|||
||There were no employees|||whose employee|benefits|(excluding
employer||pension
cost|
||exceeded f60,000.||||||||
|8.|NET GAINS/(LOSSES) ON||INVESTMENTS||||||
|||||||Unrestricted|Funds General||
|||||||2021||2020|
|||||||f||f|
||Realised &Unrealised|gains/(losses)||||4,569,069||(319,286)|
||Exchange (losses)/gains||on|investments||(2,020,057)||777,456|
|||||||2,549,012||458,170|
|9.|FIXEDASSET INVESTMENTS||||||||
|||||||2021
f||2020f|
||Market Value 11anuary|||||18,003,741||17,372,723|
||Additions
during the year|||||35,311,801|||
||Sold during the year|||||(17,483,304)|||
|||||||35,832,238||17,372,723|
||Investment
income|||||581,686||203,698|
||Cost ofgenerating
funds||paid|||(164,526)||(30,850)|
||Unrealised
gains|||||2,549,012||458,170|
||Market Value 31December|||||38,798,410||18,003,741|
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||Investments|at fair value|comprises||2021
f|2020f|
|---|---|---|---|---|---|---|
||Equities||||16,787,769|8,268,443|
||Securities||||21,383,331|7,749,313|
||Cash within|investment|portfolio||627,310|1,985,985|
||||||38,798,410|18,003,741|
|10.|DEBTORS||||||
||||||2021|2020|
||||||f|f|
||Pre payments||||1,289|6,673|
|11.|CREDITORS: AMOUNTS||FALLING WITHIN ONE YEAR||||
||||||2021f|2020
f|
||Other creditors||||679,240|313,393|
||Included
in the other creditors are amounts|||payable|to connected|charities, see related|
||party note 16for further||information.||||
|12.|RECONCLILIATION
OF NET INCOME/(EXPENDITURE)||||TO NET CASH FLOW FROM||
||OPERATING|ACTIVITIES|||||
||||2021|2020|
|---|---|---|---|---|
||||f|f|
|Net movement
in funds|||21,461,037|1,062,565|
|Investment
Income|||(581,686)|(203,698)|
|Decrease in debtors|||5,384|23,446|
|Increase in creditors|||365,847|278,089|
|Gains in investments|||(2,549,012)|(458,170)|
|Net cash provided|by operating|activities|18,701,570|702,232|
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||||E|||
||Cash in hand||||2,100,608||1,063,009|
||Total cash|and cash equivalents|||2,100,608||1,063,009|
|14.|FUNDS RECONCILIATION|||||||
||||||Unrestricted|Funds||
||||||2021||2020|
||||||E||E|
||Balance as|at 1January|||18,760,030||17,697,465|
||Net income||||19,005,503||585,212|
||Unrealised|investment|gains||2,549,012||458,170|
||Other currency exchange|||movement|(93,478)||19,183|
||Balance as|at 31December|||40,221,067||18,760,030|
|15.|ANALYSIS OF NET ASSETS|||BETWEEN FUNDS||||
||||||Unrestricted||Funds|
||||||2021||2020|
||||||E||E|
||Fixed asset investments||||38,798,410||18,003,741|
||Current|assets|||2,101,897||1,069,682|
||Current|liabilities|||(679,240)||(313,393)|
||||||40,221,067||18,760,030|
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