2021-03-31-accounts

Contents
			Page
Charity Reference and	Administrative	Details
Trustees' Annual Report			3-5
Independent Auditor's	Report		6-8
Statement of Financial	Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial	Statements		12-19

Charity registration	Charity registration	number	1188260
Trustees			Dr Desire Collen
			Dr Kevin Burnard
			Mr Chris Buyse
			Ms Rose Grey		(appointed	21/10/2021)
			Dr Daghni Rajasingam		(appointed	26/11/2021)
Chief executive officer			Mr Chris Buyse
Registered	office		16Queen's Gate	Place
			London SW7 5NY
Auditor			Redford & Co Limited
			Chartered Accountants
			First floor
			64 Baker Street
			London W1U 7GB
Bankers			Triodos Bank
			Deanery Road
			Bristol BS1 5AS
			ABN AMRO Bank NV
			Borsbeeksebrug	30
			2600 Antwerpen-Berchem
			Belgium

				2021	2021
				Unfestncted funds	Total
					funds
			Note	6
Income and endowments		from:
Donations and legacies			2	17,493,038	17,493,038
Total income				17,493,038	17,493,038
Expenditure on:
Charitable activities			3	(143,731)	(143,731)
Other				723,052	723,052
Total expenditure				579,321	579,321
Net gains on investments			10	1,240,103	1,240,103
Net income and movement		in funds	12	19,312,462	19,312,462
Reconciliation offunds:
Total funds brought	forward
Total funds carried	forward		12	19,312,462	19,312,462

				432
				1
Fhted assets
Investmen'. s				33334 929
Current assets				33"32920
Cash at bans and .".«aro				' '45 343
				45 343
Creditors: amounts	falling	due within one year		".4 86589"I
Net current liabilities				3 .26 458I
Total assets less current		liabilities		932 462
Net assets				'9 312462
Charity Funds
Unrestncted!uncs				'.9312462
Total charity fullds			12	19312462

				2021
			Note	F.
Cash flow from operating	activities		14	1,145,343
Net increase in cash and cash equivalents				1,145,343
Cash and cash equivalents	at 28 February	2020
Cash and cash equivalents	at 31 March 2021			1,145,343
Cash and cash equivalents	consists of:
Cash at bank and in hand				1,145,343
Cash and cash equivalents	at 31 March 2021			1,145,343

ncome from donations and legacies
	2021
Gifts	17,493,038
	17,493,038

3	Analysis ofexpenditure	Analysis ofexpenditure	Analysis ofexpenditure	on charitable	activities
	Charitable	activities	- 2021			Grant funding	Total
						ofactivities
	Cocoa for	Schools	—Tanzania			134,550	134,550
	Fundacion	Tejedores de		Suenos —Costa Rica		9,181	9,181
						143731	143731

4	Governance costs
							2021
							F
	Auditor's remuneration	(note 7)					15,000
							15,000
5	Analysis ofgrants
	Grant analysis - 2021				Grants to mstttuttons	Grants to indiwduals	Total
							F
	Cocoa for Schools - Tanzania				134,550	0	134,550
	Fundacion Tejedores	de Suenos		—Costa Rica	0	9,181	9,181
					134,550	9,181	143,731
	Recipients of grants to	institutions:
	Cocoa for Schools - Tanzania						134,550
							134,550
6	Net income for the period
	Net income is stated after charging			I (crediting)
							2021
							F
	Impairment of unlisted	investments					2,416,411
	Net gains on foreign exchange						(738,457)
	Profit on fair value movement		of listed investments				(3,656,514)

ixed asset investments
	Listed	otner
	investments	investments	Total
			6
Cost or valuation
At 28 February 2020	0	0	0
Additions	4,557,403	27,235,414	31,792,817
Revaluation	3,656,514	0	3,656,514
At 31 March 2021	8,213,917	27,235,414	35,449,331
Impairment
At 28 February 2020	0	0	0
Written off	0	2,416,411	2,416,411
At 31 March 2021	0	2,416,411	2,416,411
Carrying amount:
At 31 March 2021	8,213,917	24,819,003	33,032,920

		2021
Other creditors		14,850,801
Accruals and deferred	income	15,000
		14,865,801

nrestricted fun	ds
	Balance	at			Gains I	Balance at
	2020 6		Income	Expenditure f	(losses)	2021 E
Unrestncted-		0	16,778,152	(15,405)	1,978,560	18,741,307
general
~Di td
Cocoa for		0	134,550	(134,550)
Schools-
Tanzania
Fundacion		0	580,336	(9,181)	0	571 155
Tejedores de
Suenos-
Costa Rica
		0	17,493,038	(159,136)	1,978,560	19,312,462

13	Analysis	of net assets between	funds
				Unrestndted funds	Designated
					funds	Total
						8
	Fixed assets			33,032,920	0	33,032,920
	Cash			574,188	571,155	1,145,343
	Current	liabilities		(14,865,801)	0	(14,865,801)
	Total			18,741,307	571,155	19,312,462

14	Reconciliation of net income	Reconciliation of net income	to net cash flow from operating	activities
					2021
					8
	Net income for the penod				198,312,462
	Increase	in investments			(33,032,920)
	Increase	in creditors			14,865,801
	Net cash	flow from operating	activities		1,145,343

Financial instrument	s	s	s
The carrying amounts	of the charity's			financial	instruments	are as follows:
							2021
							F
Financial assets
Measured at fair value through - Fixed asset listed investments			net income: (note 10)				8,213,917
- Cash at bank							1,145,343
							~1tl 786 7 2
Equity instruments measured at cost less impairment. - Fixed asset unlisted investments (note 10)							24,819,003
							~72 ~51
Financial liabilities
Measured at amortised		cost
- Creditors (note 11)							14,865,801
							&1 IS~80

ummarise	d as follows
				2021f
Income	and expense
Financial	assets measured	at fair value through	net income	3,627,	127
Financial	liabilities measured	at fair value through	net income	767,844
Financial	assets measured	at amortised cost/impairment		(~2416	1 )