## ## ## ## |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
)|