2022-03-31-accounts

			Page
Charity Reference and	Administrative	Details
Trustees' Annual Report			3-8
Independent Auditor's	Report		9-11
Statement of Financial	Activities		12
Balance Sheet			13
Statement of Cash Flows			14
Notes to the Financial	Statements		15-23

Trustees		Dr Desire Collen
		Dr Kevin Burnard
		Mr Chris Buyse (resigned			14/06/2022)
		Ms Rose Grey (appointed			21/10/2021, resigned		28/07/2022)
		Dr Daghni Rajasingam		(appointed		26/11/2021)
Chief executive officer		Mr Chris Buyse
Registered	office	Flat 33
		Swan Court
		Chelsea Manor Street
		London
		SW3 5RX
Auditor		Redford & Co Limited
		Chartered Accountants
		1"Floor
		64 Baker Street
		London
		W1U 7GB
Bankers		Triodos Bank
		Deanery Road
		Bnstoi
		BS1 5AS
		ABN AMRO Bank NV
		Borsbeekseburg	30
		2600 Antwerpen-Berchem

			2022	2022	2021
			Unrastnctsd funds	Total funds	Total funds
		Nots
Income and endowments	from:
Donations and legacies			14,931,867	14,931,867	17,493,038
Investment income			14,974,290	14,974,290
Total income and endowments			29,906,157	29,906,157	17,493,038
Expenditure on:
Charitable activities			(173,739)	(173,739)	(143,731)
Investment manager fees			(36,289)	(36,289)
Other			(338,520)	(338,520)	723,052
Total expenditure			(548,548)	(548,548)	579,321
Net gains on investments			464,073	464,073	1,240,103
Net income and movement	in
funds		13	29,821,682	29,821,682	19,312,462
Reconciliation offunds:
Total funds brought forward			19,312,462	19,312,462
Total funds carried forward		13	49,134,144	49,134,144	19,312,462

					2022	2021
				4cme	E	E
Fixed assets
Investments				11	43.052.652	33.032,920
					43.052 652	33.032.920
Current assets
Cash at bank	and in	hand			6 126.798	1 145.343
					6.126.798	1 145„343
Creditors: amounts		falling	due within one year	12	{45.306)	{14.885.801)
Net current	assets/{liabilities)				6,081.492	{13720,458)
Total assets	less current		liabilities			19,312,462
						19.312.462
Charity Funds
Unrestricted	funds			13	49 134.144	19,312„462
Total charity	funds				49.134,144	19,312.462

					2022	2021
				Note	E	6
Cash flow from operating	activities			15	(437,176)	1,145,343
Net cash flow from operating			activities		(437,176)	1,145,343
Cash flow from investing	activities
Payments to acquire investments					(9,555,659)
Interest received					693
Dividends received					14,973,597
Net cash flow from investing		activities			5,418,631
Net increase in cash and cash			equivalents		4,981,455	1,145,343
Cash and cash equivalents		at	1 April 2021		1,145,343
Cash and cash equivalents		at	31 March 2022		6,126,798	1,145,343
Cash and cash equivalents		consists of:
Cash at bank and in hand					6,126,798	1,145,343
Cash and cash equivalents		at	31 March 2022	15A	6,126,798	1,145,343

4	Analysis ofexpenditure	Analysis ofexpenditure	on charitable	on charitable	activities	activities
	Chantable activities						Grant funding		Total
							of	activities
								2022	2021
	Cocoa for Schools -	Tanzania						35,156	134,550
	Fundacion Tejedores	de	Suenos	—Costa Rica				129,914	9,181
	Ekoli - Belgium							8,669
								173,739	143,731
All	ofthe above costs were attnbutable			to unrestricted		funds.
5	Governance costs
								2022	2021
								6	F
	Auditor's remuneration							27,240	15,000
	Trustees expenses —board meetings							175	0
	Legal &professional	fees						7,449	0
								34,864	15,000
8	Analysis ofgrants
	Grant analysis 2022						Grants to	Grants to	Total
							institutions	indwiduals
	Cocoa for Schools - Tanzania						35,156		35,156
	Fundacion Tejedores	de Suenos		—Costa Rica			94,619	35,295	129,914
	Ekoli - Belgium						8,669		8,669
							138,444	35,295	173,739

Grant analysis 2021	Grant analysis 2021	Grant analysis 2021			Grants to	Grants to	Total
					institutions	individuals
Cocoa for	schools	- Tanzania			134,550		134,550
Fundacion	Tejedores de		Suenos —Costa Rica			9,181	9,181
					134,550	9,181	143,731
Net income	for the	year
Net income	is stated	after	charging / (crediting):
						2022	2021
						6	6
Impairment	of investment		in	Fund+ NV/SA		2,179,293	2,416,411
Net (gains)/losses		on foreign		exchange		301,304	(738,457)
Profit on fair value		movement		of listed investments		(2,643,366)	(3,656,514)

ixed asset investments
	Listed	Other	Total
	investments	investments
	f	f
Cost or valuation
At 1 Apnl 2021	8,213,917	24,819,003	33,032,920
Additions	9,555,659	0	9,555,659
Transfers	(8,213,917)	8,213,917	0
Revaluation	2,643,366	0	2,643,366
At 31 March 2022	12,199,025	33,032,920	45,231,945
Impairment
At 1 April 2021 Reduction in valuation	0 0	2,416,111 2,179,293	2,416,111 2,179,293
Written back	0	(2,416,111)	(2,416,411)
At 31 March 2022	0	2,179,293	2,179,293
Carrying amount:
At 31 March 2022	12,199,025	30,853,627	43,052,652
Carry amount;
At 31 March 2021	8,213,917	24,819,003	33,032,920

		2022 f	2021f
Other creditors			14,850,801
Accruals and deferred	income	45,306	15,000
		45,306	14,865,801

	Balance at	Income	Expenditure	Gains	/	Balance at
	01/04/21			(losses)		31/03/22
	E			E		E
Unrestricted	18,741,307	29,906,157	(117,330)	162,769		48,692,903
general
DDD td
Fundacion	571,155	0	(129,914)		0	441,241
Tejedores de
Suenos —Costa
Rica
	19,312,462	29,906,157	(247,244)	162,769		49,134,144

Fixed assets	Fixed assets
Cash
Current	liabilities
Total
Fixed assets
Cash
Current	liabilities
Total

Unrestncted	Designated
funds	funds	Total
2022	2022	2022
E	E
43,052,652	0	43,052,652
5,685,557	441,241	6,126,798
(45,306)	0	(45,306)
48,692,903	441,241	49,134,144
Unrestncted	Designated
funds	funds	Total
2021	2021	2021
E	E	E
33,032,920	0	33,032,920
574,188	571,155	1,145,343
(14,865,801)	0	(14,865,801)
18,741,307	571,155	19,312,462

			2022f	2021 f
Net income for the year			29,821,682	19,312,462
Dividends received			(14,973,597)	0
Interest receivable			(693)	0
Gains on investments			(2,643,366)	(1,240,103)
Receipt of shares			0	(31,792,817)
Increase / (decrease)	in creditors		(14,820,495)	14,865,801
Net cash flow from operating		activities	(437, 176)	1,145,343

	01/04/21	Cash flows	Foreign	31/03/22
			exchange
			movements
			f.
Cash and cash	1,145,343	5,105,652	(124,197)	6,126,798
equivalents

Financial instruments
The carrying amounts	of	the charity's		financial		instruments	are as follows:
								2022	2021
								f:	6
Financial assets
Measured at fair value through income - Fixed assets - listed investments (note					11)			12,199,025	8,213,917
-Cash at bank								6,126,798	1,145,343
								18,325,823	9,359,260
Other assets measured		at cost	Ivaluation		less impairment:
- Fixed assets - other	investments			(note	11)			30,853,627	24,819,003
								49,179,450	34,178,263
Financial liabilities
Measured at amortised		cost
- Creditors (note 12)								45,306	14,865,801
								45,306	14,865,801

The income, expenses, net gains and net losses	The income, expenses, net gains and net losses	The income, expenses, net gains and net losses	attributable	the charity's	financial instruments	are
summarised	as follows:
					2022	2021
					6	6
Income and expense
Financial	assets measured	at fair value through	net income		2,519,169	3,627,127
Financial	liabilities measured	at fair value through	net income		(177,107)	767,844
Financial	assets measured	at amortised cost/impairment			(2 179 293)	(2416411)