||||Page|| |---|---|---|---|---| |Reference and Administrative
Details||||| |Report ofthe Trustees||2|to|7| |Report ofthe Independent
Auditors||8|to|11| |Statement of Financial Activities|||12|| |Statement of Financial Position|||13|| |Statement ofCash Flows|||14|| |Notes to the Statement ofCash|Flows||15|| |Notes to the Financial Statements||16 to||23| |Detailed Statement of Financial|Activities||24|| |TRUSTEES||J M Alexandroff||||| |---|---|---|---|---|---|---| |||H J Grootenhuis||||| |||B M McCorkell||||| |REGISTERED|OFFICE|Third Floor||||| |||20 Old Bailey||||| |||London||||| |||EC4M 7AN||||| |REGISTERED|COMPANY|12552984 (England||and|Wales)|| |NUMBER||||||| |REGISTERED|CHARITY|1189201||||| |NUMBER||||||| |AUDITORS||Knox Cropper|LLP|||| |||Chartered
Accountants|||and Statutory|Auditors| |||65 Leadenhall|Street|||| |||London||||| |||EC3A 2AD||||| |BANKERS||C. Hoare 8 Co.||||| |||37 Fleet Street||||| |||London||||| |||EC4P 4DQ||||| |SOLICITORS||Withers LLP||||| |||Third Floor||||| |||20 Old Bailey||||| |||London||||| |||EC4M 7AN||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Period| |---|---|---|---|---|---|---| |||||||9.4.20| ||||||Year Ended|to| ||||||31.12.21|31.12.20| ||||||Unrestricted|Total| ||||||fund|funds| |||||Notes||| |INCOME AND ENDOWMENTS|||FROM|||| |Donations
and legacies|||||10,913,068|482,599| |Investment
income|||||57,744|| |Total|||||10,970,812|482,599| |EXPENDITURE ON||||||| |Raising funds|||||8,846|| |Charitable
activities||||||| |Grant making|||||1,180,844|994,706| |Total|||||1,189,690|994,706| |Net gains on investments|||||739,145|| |NET INCOME/(EXPENDITURE)|||||10,520,267|(512,107)| |RECONCILIATION|OF FUNDS|||||| |Total funds brought||forward|||(512,107)|| |TOTAL FUNDS CARRIED FORWARD|||||10,008,160|~512,107)| ||||2021|2020| |---|---|---|---|---| ||||Unrestricted|Total| |||Notes|fund
f|funds
P| |FIXEDASSETS||||| |Investments|||8,387,050|| |CURRENT ASSETS||||| |Debtors||12|875|875| |Cash at bank and|in hand||1,881,816|15,741| ||||1,882,691|16,616| |CREDITORS||||| |Amounts
falling due within one year||13|(261,581)|(278,723)| |NET CURRENT ASSETS/(LIABILITIES)|||1,621,110|~252,107)| |TOTAL ASSETS|LESSCURRENT|||| |LIABILITIES|||10,008,160|(262,107)| |CREDITORS||||| |Amounts
falling due after more than one||year 14||(250,000)| |NET ASSETS/(LIABILITIES)|||10,008,160|~512,107)| |FUNDS
Unrestricted
funds||15|10,008,160|~512,107)| |TOTAL FUNDS|||10,008,160|~512,107)| |||||Period| |---|---|---|---|---| |||||9.4.20| ||||Year Ended|to| ||||31.12.21|31.12.20| |||Notes||f.| |Cash flows from|operating|activities||| |Cash generated
from operations|||1,804,653|15,741| |Net cash provided|by operating
activities||1,804,653|15,741| |Cash flows from|investing|activities||| |Purchase offixed|asset investments||(251,679)|| |Sale offixed asset investments|||255,357|| |Dividends
received|||57,744|| |Net cash provided|by investing
activities||61,422|| |Change
in cash
in the reporting|and cash
period|equivalents|1,866,075|15,741| |Cash and cash equivalents||at the||| |beginning
ofthe|reporting|period|15,741|| |Cash and cash equivalents
ofthe reporting
period||at the end|1,881,816|15,741| ## ||||||Period| |---|---|---|---|---|---| ||||||9.4.20| |||||Year Ended|to| |||||31.12.21|31.12.20| |Net income/(expenditure)||for the reporting|period (as per the||| |Statement of Financial||Activities)||10,520,267|(512,107)| |Adjustments
for:|||||| |Net gains on investments||||(739,145)|| |Dividends
received||||(57,744)|| |Gifted investments||||(7,651,583)|| |Increase
in debtors|||||(875)| |(Decrease)/increase|in creditors|||~267,142)|528,723| |Net cash provided|by operations|||1,804,663|15,741| ## |ANALYSIS OF C|HANGES
IN NET FUNDS|||| |---|---|---|---|---| |||At 1.1.21|Cash flow|At 31.12.21| |||||f.| |Net cash||||| |Cash at bank and|in hand|15,741|1,866,075|1,881,816| |||15,741|1,866,075|1,881,816| |Total||15,741|1,866,075|1,881,816| ## ## ## ## ## ## ## ## ## ## ## ## |DONATION|S
AND LEGACIES||| |---|---|---|---| ||||Period| ||||9.4.20| |||Year Ended|to| |||31.12.21|31.12.20| |||E|E| |Gifted investments||7,651,583|| |Donations||3,261,485|482,599| |||10,813,068|482,599| |INVESTMENT INCOME|||| ||||Period| ||||9.4.20| |||Year Ended|to| |||31.12.21|31.12.20| ||||F| |Dividends|received|57,744|| |RAISING FUNDS|||| |Investment|related costs||| ||||Period| ||||9.4.20| |||Year Ended|to| |||31.12.21
f|31.12.20| |Investment|custodian fee|8,846|| ||Period| |---|---| ||9.4.20| |Year Ended|to| |31.12.21
f|31.12.20| |8,846|| ## ## ## ## |||||Grant|||| |---|---|---|---|---|---|---|---| |||||funding|of||| |||||activities||Support|| |||||(see note||costs (see|| |||||6)f||note 7)
f|Totals| |Grant making|||1,156,112|||24,732|1,180,844| |GRANTS PAYABLE|||||||| ||||||||Period| ||||||||9.4.20| |||||||Year Ended|to| |||||||31.12.21
f|31.12.20
f| |Grant making||||||1,156,112|952,889| |||||||2021
f|2020| |Blue Apple Theatre||||||15,000|15,000| |Bumblebee
Conservation||Trust||||20,000|20,000| |Cambridge
Community||Services|NHS Trust||||5,000| |Charlie Wailer Memorial||Trust||||20,000|20,000| |CHASE Africa||||||20,000|20,000| |Firefly International||||||30,000|30,000| |Game Rangers|International|||||14,663|15,453| |The Green Gecko Project
Lilongwe
Wildlife Trust||||||14,663|9,096
15,453| |University
of Bristol - Perivoli Africa Research Centre||||||50,000|750,000| |University
of Bristol - Research|||ofa PHD student|||67,000|| |Perivoli Okonjima
Country School|||||||7,887| |Perivoli Climate|Trust (formerly||known as Perivoli Grasslands|Trust)||9,522|| |Cohere (formerly|known|as Xavier Project)||||35,000|30,000| |Perivoli Schools|Trust Malawi|||||435,871|| |Perivoli Schools|Trust Namibia|||||248,840|| |Perivoli Schools|Trust Uganda|||||14,169|| |Perivoli Schools|Trust Zambia|||||89,856|| |Vanessa Grant Girls School||||||15,000|| |Perivoli Schools|Trust overheads|||||56,528|| |||||||1,156,112|937,889| |Grants to individuals|||||||15,000| |||||||1,156,112|952,889| ## ## |SUPPOR|T COSTS|||| |---|---|---|---|---| |||||Governance| |||||costs| |Grant making||||24,732| ||||2021|2020| |Auditors'
remuneration
Bank charges|||6,930
1,442|4,950
454| |Unrealised
Forex gain
Accountancy
and legal||fees|(25,412)
32,742|(1,727)
38,140| |IT Costs|||9,030|| ||||24,732|41,817| |NET INCOME/(EXPENDITURE)||||| |Net income/(expenditure)||is stated after charging/(crediting):||| |||||Period| |||||9.4.20| ||||Year Ended|to| ||||31.12.21|31.12.20| ||||F|| |Auditors'|remuneration||6,930|4,950| ## ## ## ## ## |COMPARATIVES
FOR THE ST|ATEMENT OF FINANCIAL ACT|IVITIES| |---|---|---| |||Unrestricted| |||fund| |INCOME AND ENDOWMENTS|FROM|| |Donations
and legacies||482,599| |EXPENDITURE ON||| |Charitable
activities||| |Grant making||994,706| |NET INCOME/(EXPENDITURE)||(512,107)| ## ## ## ## |FIXEDASSET INVESTMENTS|| |---|---| ||Listed| ||investments| |MARKET VALUE|| |Additions|7,903,262| |Disposals|(255,357)| |Unrealised
gains/(losses)
Realised gains/(losses)|785,077
~45,932)| |At 31 December 2021|8,387,050| |NET BOOK VALUE|| |At 31 December 2021|8,387,050| |At 31 December 2020|| ## ## ## ||2021|2020| |---|---|---| |Trade creditors||17,628| |Grants payable|250,000|250,000| |Accrued expenses|11,581|11,095| ||261,581|278,723| ## ## |CREDI|TORS: AMOUNTS
FALLING DUE AF|TER MORE THAN ONE YEAR|| |---|---|---|---| |||2021|2020| ||||E| |Grants|payable||250,000| ## |MOVEM|ENT|IN FUNDS|||| |---|---|---|---|---|---| |||||Net|| |||||movement|At| ||||At 1.1.21|in funds|31.12.21| ||||E|E|| |Unrestricted||funds|||| |General|fund||(512,107)|10,520,267|10,008,160| |TOTAL|FUNDS||~512,107)|10,520,267|10,005,160| |Net movement|in funds,
included|in the above are as follo|ws:||| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources|expended|losses|in funds| |||E||F|F| |Unrestricted|funds||||| |General fund||10,970,812|(1,189,690)|739,145|10,520,267| |TOTAL FUNDS||10,970,812|(1,189,690)|739,145|10,520,267| ## |Compar|atives|for movement
in funds||| |---|---|---|---|---| ||||Net|| ||||movement|At| ||||in funds|31.12.20| |Unrestricted||funds||| |General|fund||(512,107)|(512,107)| |TOTAL|FUNDS||(512,107)|~512,107)| ## |Compara|tive|net movement
in funds,
inc|luded
in the above are as follows|:|| |---|---|---|---|---|---| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||F|F|| |Unrestricted||funds|||| |General|fund||482,599|(994,706)|(512,107)| |TOTAL|FUNDS||462,599|~994,706)|~512,1D7)| ## |||||Period| |---|---|---|---|---| |||||9.4.20| ||||Year Ended|to| ||||31.12.21|31.12.20| |||||E| |INCOME AND ENDOWMENTS||||| |Donations
and legacies||||| |Gifted investments|||7,651,583|| |Donations|||3,261,485|482,599| ||||10,913,068|482,599| |Investment
income||||| |Dividends
received|||57,744|| |Total incoming
resources|||10,970,812|482,599| |EXPENDITURE||||| |Investment
related costs||||| |Investment
custodian fee|||8,846|| |Charitable
activities||||| |Grants to institutions|||1,156,112|937,889| |Grants to individuals||||15,000| ||||1,156,112|952,889| |Support costs||||| |Governance costs||||| |Auditors'
remuneration|||6,930|4,950| |Bank Charges|||1,442|454| |Unrealised
Forex gain
Accountancy
and legal|fees||(25,412)
32,742|(1,727)
38,140| |IT Costs|||9,030|| ||||24,732|41,817| |Total resources expended|||1,189,690|994,706| |Net income/(expenditure)
and losses||before gains|9,781,122|(512,107)| |Realised and unrealised
Unrealised
gains||gains and losses|785,077|| |Realised gains/(losses)
investments|on|fixed asset|~45,932)|| |Net income/(expenditure)|||10,520,257|~512.107)|