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|Trustees||Sr P M Conroy|||
|---|---|---|---|---|
|||Sr A M Murillo Arevalo|||
|||Sr G M Nabuurs|||
|||Sr M 0 Babic (resigned||14February 2023)|
|||Sr I Neculai (appointed||14February 2023)|
|||Sr0 O' Shea (appointed||23 February 2023)|
|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 6BP|||
|Investment|Manager|Cantor Fitzgerald|Ireland||
|||23 StStephens
Green|||
|||Dublin 2|||
|Bankers||Lloyds Bank|||
|||25 Gresham
Street|||
|||London|||
|||EC2V 7HN|||
|||Allied
irish Banks|||
|||3rd Floor|||
|||1Adelaide
Road|||
|||Dublin 2|||
##
|||Page|
|---|---|---|
|Trustees'
Report||1-9|
|Independent
Auditor's|Report|10-13|
|Statement ofFinancial|Activities|14|
|Statement of Financial|Position|15|
|Statement ofCash flows||16|
|Notes tothe Financial|Statements|17 —25|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||g|g|
|Cashflow|from Operating||Activities|||||
|Net cash|provided
by operating
activities||||12|3,748,028|22,266,420|
|||||||3,748,028|22,266,420|
|Cashflow|from investing|activities||||||
|Cost ofgenerating
funds||paid out ofinvestments||||247,430|195,888|
|Charitable|activities|||||56,165||
|Purchases|ofinvestments|||||(5,104,320)|(42,042,863)|
|Proceeds|from sale of investments||||||20,815,935|
|Net cash|used by investing||activities|||(4,800,725)|(21,031,040)|
|Changes|in cash and cash||equivalent|in the|year|(1,052,697)|1,234,380|
|Cash and|cash equivalent||at 1January|||2,501,017|1,265,637|
|Cash and|cash equivalent||at 31December||13|1,448,320|2,501,017|
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||||Unrestricted|Funds General|
|---|---|---|---|---|
||||2022|2021|
||||8|8|
|Donations|and|gifts|6,898,952|23,508,637|
##
||||||Unrestricted|Funds General|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
||Income from|listed investments|||720,646|692,566|
||Interest receivable||||67|13|
||||||720,713|692,579|
|5.|CHARITABLE|ACTIVITY EXPENDITURE|||||
||||||Unrestricted|Funds General|
||||||2022|2021|
||||||E|E|
||Donations||||6,062,710|1,253,986|
||Support costs||||123,702|76,279|
||Governance|costs - auditor's|remuneration|for|||
||audit services||||24,322|22,296|
||Governance|costs —auditor's|remuneration|for|||
||other services||||43,912|62,365|
||Other currency exchange movements||||55,718|111,297|
||||||6,310,364|1,526,223|
##
|RAISING|F|UNDS||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Funds|General|
||||||2022||2021|
||||||E||E|
|Investment||Management||fees|197,609||144,177|
|Financial|management||fees||6,035||6,409|
|Company||secretarial|fees||7,145||7,412|
||||||210,789||157,998|
##
||2022|2021|
|---|---|---|
||E|E|
|Wages and Salaries|46,029|50,469|
|Pension costs|3,614|2,754|
|Social welfare costs|19,681|15,748|
||69,324|68,971|
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|NET GAI|NS/(LOSSES)|ON INVESTMENTS|||
|---|---|---|---|---|
||||Unrestricted|Funds General|
||||2022|2021|
|Realised|Ik Unrealised|(losses)/gains|(3,887,756)|5,440,015|
|Exchange|losses on investments|||(2,405,116)|
||||(3,887,756)|3,034,899|
##
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|FIXED ASS|ET INVEST|MENTS|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Market Value 1January|||46,194,090|21,435,585|
|Additions|during the|year|5,104,320|42,042,863|
|Sold during the year||||(20,815,935)|
||||51,298,410|42,662,513|
|Investment|income||720,646|692,566|
|Charitable|activities|paid out of investments|(56,165)||
|Cost ofgenerating
funds paid|||(247,430)|(195,888)|
|Unrealised|(losses)/gains||(3,887,756)|3,034,899|
|Market Value 31December|||47,827,705|46,194,090|
##
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||Investments||at fair|value comprises|value comprises|value comprises||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|6|
||Equities|||||||21,758,981|19,987,818|
||Securities|||||||22,415,852|25,459,378|
||Bonds|||||||2,409,739||
||Cash within||investment||portfolio|||1,243,133|746,894|
|||||||||47,827,705|46,194,090|
|10.|DEBTORS|||||||||
|||||||||2022|2021|
||||||||||E|
||Prepayments||||||||1,536|
|11.|CREDITORS:||AMOUNTS||FALLING|WITHIN|ONE YEAR|||
|||||||||2022|2021|
|||||||||E|E|
||Other Creditors|||||||4,170,557|808,720|
||Included
in|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|||||||
|||||||||2022|2021|
|||||||||E|E|
||Net movement
in|||funds||||(2,782,455)|25,551,894|
||Investment||Income|||||(720,646)|(692,566)|
||Decrease|in|debtors|||||1,536|6,408|
||Increase/(decrease)|||in creditors||||3,361,837|435,583|
||Gains/(losses)
in investments|||||||3,887,756|(3,034,899)|
||Net cash provided|||by operating||activities||3,748,028|22,266,420|
||||||||
|---|---|---|---|---|---|---|
|13.|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||
|||||2022||2021|
|||||6||E|
||Cash in hand|||1,448,320||2,501,017|
||Total cash|and cash equivalents||1,448,320||2,501,017|
|14.|FUNDS RECONCILIATION||||||
|||||Unrestricted|Funds||
|||||2022||2021|
|||||6||6|
||Balance as|at 1January||47,887,923||22,336,029|
||Net income|||1,105,301||22,405,698|
||Unrealised|investment|(losses)/gains|(3,887,756)||3,034,899|
||Other currency exchange movement|||0||111,297|
||Balance as|at 31December||45,105,468||47,887,923|
|15.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||
|||||Unrestricted||Funds|
|||||2022||2021|
|||||6||6|
||Fixed asset investments|||47,827,705||46,194,090|
||Current|assets||1,448,320||2,502,553|
||Current|liabilities||(4,170,557)||(808,720)|
|||||45,105,468||47,887,923|
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