Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **GLORIA E MARCO CHARITY CIO**
Registered charity no. 1187818
## Report and Financial Statements
For the period 7 February to 30 September 2020
Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **CONTENTS**
||Page|
|---|---|
|Reference and administrative information|1|
|Trustees’ annual report|2|
|Statement of financial activities (incorporating an income and expenditure account 4||
|Balance sheet|5|
|Notes to the financial statements||
Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **Reference and administrative information**
**Charity name** Gloria e Marco Charity CIO **Charity number** 1187818 **Principal address** c/o Peregrine Bryant Architects The Courtyard Fulham Palace Bishops Avenue London SW6 6EA **Trustees** Trustees who served during the period and up to the date of this report were as follows: Thomas Peregrine Stansfeld Bryant Chairman Laura Morgante Lucinda Jane Auldjo Bannister Andrea Bucca Andrea Brufatto Clive James Dawson Catharine Diana Bull Susan Lisa McDonough Emma-Louise Bassett Alexandra Astrid Josephine Valmarana **Bank** Metro Bank 1 Southampton Row London WC1B 5HA
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Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **Trustees’ report**
The trustees present their report and the financial statements for the period 7 February to 30 September 2020.
The reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
The charity was registered by the Charity Commission of England and Wales on 7 February 2020 as a Charitable Incorporated Organisation whose only members are its trustees
The initial trustees of the charity are listed on page 1 and were appointed for the following terms: Three years - Andrea Bucca, Alexandra Valmarana, Lucinda Bannister, Emma -Louise Bassett Four years – Catherine Bull, Andrea Brufatto, Clive James Dawson Five years – Peregrine Bryant, Laura Morgante, Susan McDonough
Apart from the first charity trustees, every charity trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
## **Objectives**
The charity was established to take over the work previously carried out by The Society for the Protection of Ancient Buildings (registered charity number 1113753) and its initial income arose from the transfer of the balance of monies held in that charity’s “Gloria e Marco Award” fund.
The charity’s objects are restricted specifically for the public benefit to advance education in building conservation, including the conservation of historic buildings, with particular reference to the fields of architecture, construction, structural engineering and building techniques used to conserve and repair buildings.
## **Activities**
The main activity of the charity is to award a scholarship to conservation architects newly graduated from IUAV (International University of Architecture in Venice) to spend three months in the UK shadowing conservation practitioners working on projects with the Landmark Trust, National Trust, Durham Cathedral and taking the SPAB Conservation and RICS Conservation course. This is to be done in memory of IUAV graduates Gloria Trevisan and Marco Gottardi who died in the Grenfell Fire in 2017.
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Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **Trustees’ report (cont’d)**
Awards had been made in 2018 and 2019 but due to the restrictions imposed as a result of the Covid-19 pandemic it was not possible to do so in 2020. No other activity was undertaken.
## **Future plans**
It is anticipated that the award of scholarships and the necessary fundraising will be resumed from 2021.
## **Public benefit**
The trustees have considered the Charity Commission guidance on public benefit in setting the charity’s objectives and in planning its activities.
## **Reserves policy**
The trustees recognise the need to ensure that the charity is a going concern and will develop a reserves policy accordingly.
## **Financial review**
The only financial transactions in the period under review were the initial receipt of funds from The Society for the Protection of Ancient Buildings and a personal donation from Peregrine Bryant (trustee).
This Annual Report was approved by the trustees on 2021 and signed on their behalf by
Thomas Bryant Chairman
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Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **Statement of Financial Activities**
## **(incorporating an income and expenditure account)**
for the period to 30 September
|Note
**Income from:**
Donations and legacies
Charitable activities
Investments
Other
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total expenditure**
**Net income / (expenditure) for the**
**year**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**2020**
Unrestricted
Restricted
**Total**
£
£
**£**
471
-
**471**
-
-
-
-
-
-|
|---|---|
||471
-
**471**|
||-
-
**-**
-
-
**-**
-
-
**-**|
||-
-
**-**|
||471
-
**471**
-
-
**-**|
||471
-
**471**
-
-
**-**|
||471
-
**471**|
All of the above results are derived from continuing activities. There were no recognised gains or losses other than those stated above.
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Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **Balance Sheet**
as at 30September
|Note
**Fixed assets:**
Tangible assets
**Current assets:**
Debtors
Cash at bank and in hand
**Liabilities:**
Creditors: amounts falling due within one year
**Net current assets / (liabilities)**
**Total net assets / (liabilities)**
**The funds of the charity:**
Restricted income funds
Unrestricted income funds:
**Total charity funds**|£
-
-
471|**2020**
**£**|
|---|---|---|
|||**-**
**471**
**471**|
||471
-||
||||
|||**-**
**-**|
|||**471**|
Approved by the trustees on 10 June 2021and signed on their behalf by
Thomas Bryant Chairman
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Gloria e Marco Charity CIO for the period 7 February to 30 September 2020
## **Notes to the accounts**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure includes value added tax and is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Items purchased or donated for the charity’s use are capitalised when the cost of purchased items or the fair value of donated items exceeds £2500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is provided evenly over the estimated useful life of the item.
## **Taxation**
The trustees consider the charity to be exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Pension costs**
The charity has no employees and therefore is not party to any pension scheme..
## **2. Income from donations and legacies**
|Donations
Legacies
Donations consist of:|**2020**
Unrestricted
Restricted
**Total**
£
£
**£**
471
-
**471**
-
-
**-**|
|---|---|
||471
-
**471**|
|||
Balance of “Gloria e Marco Award” fund from The Society for the Protection of Ancient Buildings £441 Donation from Peregrine Bryant (trustee) £30
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