2022-12-31-accounts

			Page
Charity Reference and	Administrative	Details
Trustees' Annual Report			3-7
Independent Auditor's	Report		8-10
Statement of Financial	Activities
Balance Sheet			12
Statement ofCash Flows			13
Notes to the Financial	Statements		14-23

Charity registration	number	1188260
Trustees		Dr Desire Collen
		Dr Kevin Burnard
		Dr Daghni Rajasingam
		Mr Andrew Edge	(appointed		08/03/2023)
		Mr Chris Buyse (resigned		14/06/2022)
		Ms Rose Grey (resigned		28/07/2022)
Chief executive officer		Mr Chris Buyse
Registered office		Flat 33
		Swan Court
		Chelsea Manor Street
		London
		SW3 5RX
Auditor		Redford &Co Limited
		Chartered Accountants
		1u Floor
		64 Baker Street
		London
		W1U 7GB
Bankers		Trlodos Bank
		Deanery Road
		Bristol
		BS15AS
		ABN AMRO Bank NV
		Borsbeekseburg	30
		2600 Antwerpen-Berchem
		Belgium

				P/e 31/12/22	P/e 31/12/22	Y/e 31/03/22
				Unfestnoted funds	Totslfunds	Total funds
			Note
Income and endowments		from:
Donations and legacies				0	0	14,931,867
Investment income				1,028,704	1,028,704	14,974,290
Total income and endowments				1,028,704	1,028,704	29,906,157
Expenditure on:
Charitable activities				(180,199)	(180,199)	(173,739)
Investment manager	fees			(55,452)	(55,452)	(36,289)
Other				114,932	114,932	(338,520)
Total expenditure				(120,719)	(120,719)	(548,548)
Net gains / (losses)	on
investments			11	(1,615,766)	(1,615,766)	464,073
Net income / (expenditure)		and
movement in funds			13	(707,781)	(707,781)	29,821,682
Reconciliation offunds:
Total funds brought	forward			49,134,144	49,134,144	19,312,462
Total funds carried	forward		13	48,426,363	48,426,363	49,134,144

Period Ended 3	1	Decem	ber 2022
					31December	31 March
					2022	2022
				Note	6	6
Fixed assets
Investments				11	44,566,582	43,052,652
					44,566,582	43,052,652
Current assets
Cash at bank and	in	hand			3,905,017	6,126,798
					3,905,017	6,126,798
Creditors: amounts		falling	due within one year	12	(45,236)	(45,306)
Net current assets					3,859,781	6,081,492
Total assets less	current		liabilities		48,426,363	49,134,144
Net assets					48,426,363	49,134,144
Charity Funds
Unrestricted funds				13	48,426,363	49,134,144
Total charity funds					48,426,363	49,134,144

Period Ended 31 Decem	b	er	2022
					P/e	Y/e
					31/12/22	31/03/22
				Note	6
Cash flow from operating	activities			15	(120,789)	(437,176)
Net cash flow from operating			activities		(120,789)	(437,176)
Cash flow from investing	activities
Net payments to acquire investments Interest received					(3,129,696) 4,399	(9,555,659) 693
Capital gains distribution					3,424	0
Dividends received					1,020,881	14,973,597
Net cash flow from investing			activities		(2,100,992)	5,418,631
Net increase I(decrease)	in	cash and cash equivalents			(2,221,781)	4,981,455
Cash and cash equivalents		at	1 April 2022		6,126,798	1,145,343
Cash and cash equivalents		at	31 December 2022		3,905,017	6,126,798
Cash and cash equivalents		consist of:
Cash at bank and in hand					3,905,017	6,126,798
Cash and cash equivalents		at	31 December 2022	15A	3,905,017	6,126,?98

3	Investment Income	Investment Income	Investment Income
									P/e	Y/e
									31/12/22	31/03/22
									E	E
	Dividend	income							1,020,881	14,973,597
	Capital gains distribution								3,424	0
	Interest received								4,399	693
									1,028,704	14,974,290
4	Analysis	ofexpenditure		on charitable			activities
	Charitable	activities							Grant	Total
									funding of
									activities
									P/e	Y/e
									31/12/22	31/03/22
									8	E
	Cocoa for Schools		- Tanzania						49,327	35,156
	Fundacion Teiedores de			Suenos —Costa			Rica		37,880	129,914
	International Red Cross —Ukraine								50,000
	Actec VZW Juanfe		- Columbia						42,992
	Ekoli - Belgium									8,669
									180,199	173,739
	All ofthe	above costs were attributable				to	unrestricted	funds.
5	Governance costs
									P/e	Y/e
									31/12/22	31/03/22
									F	E
	Auditor's	remuneration							24,000	27,240
	Trustees	expenses	—board meetings						0	175
	Legal, professional		and consultancy		fees				33,340	7,449
									57,340	34,864

Analysis o	fgrants
Grant anal	sis —P/e 31/12/2022	Grants to	Grants to	Total
		institutions	individuals
		E	F
Cocoa for Schools - Tanzania		49,327		49,327
Fundacion	Tejedores de Suenos —Costa Rica	8,328	29,552	37,880
International	Red Cross —Ukraine	50,000		50,000
Actec VZW	Juanfe —Columbia	42,992		42,992
		150,647	29,552	180,199
Grant anal	sis —Y/e 31/03/2022	Grants to	Grants to	Total
		institutions	individuals
		F
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

				P/e	Y/e
				31/12/22	31/03/22
				E	F
Impairment	/ (reversal of impairment)	of investment	in Fund+ NV/SA	(705,519)	2,179,293
Net (gains)	/ losses on foreign exchange			(191,006)	301,304
(Profit) / loss on fair value movement		and sale of listed investments		2,321,285	(2,643,366)

Fixed asset investments
	Listed	Other	Total
	investments	investments
		6
Cost or valuation
At 1 April 2022	12,199,025	33,032,920	45,231,945
Net additions	3,129,696	0	3,129,696
Revaluation	(2,321,285)	0	(2,321,285)
At 31 December 2022	13,007,436	33,032,920	46,040,356
Impairment
At 1 April 2022	0	2,179,293	2,179,293
Reversal	0	(705,519)	(705,519)
At 31 December 2022	0	1,473,774	1,473,774
Carrying amount:
At 31 December 2022	13,007,436	31,559,146	44,566,582
Carrying amount:
At 31 March 2022	12,199,025	30,853,627	43,052,652

Creditors: a	m	ounts	falling d	ue within one	year
							31/12/2022	31/03/2022
								6
Accruals and		deferred	income				45,236	45,306
							45,236	45,306
Fund reconciliation
Unrestricted	funds at		31/12/2022
		Balance at		Income	Expenditure	Transfers	Gains /	Balance at
		01/04/22					(losses)	31/12/22
							6
Unrestricted	-	48,692,903		1,026,704	(273,845)	(399,078)	(1,411,725)	47,636,959
general
~Di t dr
Fundacion Tejedores		441,241		0	(37,880)	0	(13,035)	390,326
de Suenos
—Costa
Rica
Actec VZW Juanfe-					0	399,078	0	399,078
Columbia
		49,134,144		1,028,704	(311,725)	0	(1,424,760)	48,426,363

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

Analysis of net assets between	Analysis of net assets between	funds
At 31/12/2022		Unrestricted	Designated
		funds	funds	Total
		E	E	F
Fixed assets		44,566,582	0	44,566,582
Cash		3,115,613	789,404	3,905,017
Current	liabilities	(45,236)	0	(45,236)
Total		47,636,959	789,404	48,426,363
At 31/03/2022		Unrestricted	Designated
		funds	funds	Total
		E	E	E
Fixed assets		43,052,652	0	43,052,652
Cash		5,685,557	441,241	6,126,798
Current	liabilities	(45,306)	0	(45,306)
Total		48,692,903	441,241	49,134,144

				P/e 31/12/22	Y/e 31/03/22
					5
Net income / (expenditure)		for the period		(707,781)	29,821,682
Dividends	received			(1,020,881)	(14,973,597)
Capital gains distribution				(3,424)	0
interest receivable				(4,399)	(693)
(Gains) /	losses on investments			1,615,766	(464,073)
Increase	/ (decrease) in creditors			(70)	(14,820,495)
Net cash	flow from operating		activities	(120,789)	(437,176)

Analysis ofchanges	in cash and cash equi	valents
	01/04/22	Cash flows	Foreign	31/12/22
			exchange
			movements
			6
Cash and cash	6,126,798	(2,412,787)	191,006	3,905,017
equivalents

Financial instruments
The carrying amounts	ofthe charity's			financial		instruments	are as follows:
								31/12/22	31/03/22 f
Financial assets
Measured at fair value	through	income:
- Fixed assets - listed	investments		(note		11)			13,007,436	12,199,025
-Cash at bank								3,905,017	6,126,798
								16,912,453	18,325,823
Other assets measured	at cost	I	valuation		less	impairment:
- Fixed assets -other investments			(note		11)			31,559,146	30,853,627
								48,471,599	49,179,450
Finsncia/ liabilities
Measured at amortised cost
-Creditors (note 12)								45,236	45,306
								45236	45,306

summari	sed as follows:
					P/e	Y/e
					31/12/22	31/03/22
					F	6
Income	and expense
Financial	assets measured	at fair value	through	net income	(2,130,279)	2,519,169
Financial	liabilities measured	at fair value through		net income	0	(177,107)
Financial	assets measured	at amortised	cost/impairment		705,519	(2,179,293)