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2022-12-31-accounts

Page Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 8
Report ofthe Independent
Auditors		 9 to 12
Statement of Financial Activities 13
Statement of Financial Position 14
Statement
ofCash Flows		 15
Notes to the Statement ofCash Flows 16
Notes to the Financial Statements 17 to 25
Detailed Statement
of		 Financial Activities 26

TRUSTEES J M Alexandroff OBE OBE
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 & Co,
37 Fleet Street
London
EC4P 4DQ
SOLICITORS Withers
LLP
Third Floor
20 Old Bailey
London
EC4M 7AN

2022 2021
Unrestricted Total
fund funds
Notes F F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2,327,263 10,913,068
Investment
income		 103815 57,744
Total 2 431 068 10,970812
EXPENDITURE ON
Raising funds 48,818 8,846
Charitable
activities
Grant making 891 332 1 180844
Total 938 160 1 189,690
Net gains/(losses) on investments ~1D85 6691 739,145
NET INCOME 407,249 10,520,267
RECONCILIATION OF FUNDS
Total funds brought forward 10,008,160 (512,107)
TOTAL FUNDS CARRIED FORWARD 10415409 10,0D8 160

2022 2021
Unrestricted Total
fund funds
Notes E
FIXEDASSETS
Investments 7,422,009 8,387,050
CURRENT ASSETS
Debtors
12		 8,444 875
Cash at bank and in hand 3372 140 1 881 816
3,380,584 1,882,691
CREDITORS
Amounts
falling due within one year		 (337,762) (261,581)
NET CURRENT ASSETS 3042 822 1 621 110
TOTAL ASSETS LESSCURRENT
LIABILITIES 10,464,831 10,008,160
CREDITORS
Amounts
falling due after more than one year 14		 (49,422)
NET ASSETS 10,415409 10,DD8,16D
FUNDS
15
Unrestricted
funds		 104154D9 10008160
TOTAL FUNDS 10415409 10,008 16D
2022 2022 2021
Notes E E
Cash flows from operating
activities
Cash generated
from operations		 1 386 509 1 804653
Net cash provided by operating
activities		 1 386 509 1,804653
Cash flows from investing activities
Purchase
of fixed		 asset investments (251,679)
Sale of fixed asset investments 255,357
Interest received 561
Dividends
received		 103 254 57 744
Net cash provided by investing
activities		 103 815 61 422
Change
in cash		 and cash equivalents
in the reporting period 1,490,324 1,866,075
Cash and cash equivalents at the
beginning
ofthe		 reporting period 1 881 816 15741
Cash and cash equivalents at the end
ofthe reporting period 3 372 140 1 881,816

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2022 2021
Net income for the reporting period (as per the Statement of
Financial Activities) 407,249 10,520,267
Adjustments
for:
Net losses on investments 1,085,669 (739,145)
Interest received (561)
Dividends
received		 (103,254) (57,744)
Gifted investments (120,628) (7,651,583)
Increase
in debtors
Increase/(decrease)		 in creditors (7,569)
125 6D3		 ~267 142
Net cash provided by operations 1 386509 1 804653
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.22 Cash flow At 31.12.22
F E
Net cash
Cash at bank and in hand 1 881,816 1 49D 324 3372 140
1 881 816 1,490 324 3372 140
Total 1 881816 1 490 324 3372 140

2. DONATIO NS
AND		 LEGACIES
2022 2021
E E
Gifted investments 120,628 7,651,583
Donations 2 206 625 3,261,485
2 327 253 10913068
3. INVESTMENT INCOME
2022 2021
E E
Dividends received 103,254 57,744
Deposit account interest 561
103815 57,744
4. RAISING FUNDS
Investment related costs
2022 2021
E E
Investment custodian fee 24,288 8,846
Tax at source ~22 530
~46 818 8,846
5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
6) note 7) Totals
E E E
Grant making 1 099278 ~207 946) 891 332

GRANTS PAYABLE
2022 2021
E
Grant making 1 D99 278 1,156112
2022 2021
E E
Akengo Kenya Company
Limited		 42,385
Blue Apple Theatre 15,000 15,000
Bumblebee
Conservation
Trust		 20,000 20,000
Charlie Wailer Memorial
Trust		 20,000 20,000
CHASE Africa 20,000 20,000
Cohere (formerly
known as Xavier Project)		 34,127 35,000
Edugate Academy 4,526
Firefly International 30,000 30,000
FuturElect
(Apolitical Academy		 Southern Africa) 31,752
Game Rangers
International		 14,663
Global Greengrants
Fund
UK		 20,000
Lilongwe
Wildlife Trust		 16,225 14,663
Maryhill
High School		 965
Perivoli Climate Trust (formerly known as Perivoli Grasslands Trust) 34,295 9,522
Perivoli Schools Trust Malawi 435,871
Perivoli Schools Trust Namibia 248,840
Perivoli Schools Trust Uganda 14,169
Perivoli Schools Trust Zambia 89,856
Perivoli Schools Trust (holdings) 451,578
Perivoli Schools Trust overheads 36,756 56,528
PROMISEworks 10,000
University
of Bristol and Namibia		 University of Science and Technology 30,000
University
of Bristol and University		 of Namibia 75,000
University
of Bristol - Perivoli Africa Research Centre		 5o,ooo
University
of Bristol - Research		 of a PHD student 67,000
University
of Bristol - Microplastic		 study 43,403
University
of Bristol - PST study		 148,266
Vanessa
Grant Girls School		 16DDD 16 DDD
1,099,278 1,156,112
Grants to individuals
1 099278 1 156112
Grants payable
b/f		 250,000 500,000
Grants awarded 1,099,278 1,156,112
Grants paid ~1000,434 ~1406 112)
Grants payable
c/f		 348 844 26D OOD

Governance
costs
F
Grant making ~207 946)
2022 2021
F. E
Auditors' remuneration 6,750 6,930
Bank charges 1,540 1,442
Unrealised Forex gain (246,978) (25,412)
Accountancy and legal fees 29,767 32,742
IT Costs 975 9030
~207 946 24 732
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
F. F
Auditors' remuneration ~6750 ~6930

COMPAR ATIVES
FOR THE ST		 ATEMENT OF FINANCIAL AC TIVITIES
Unrestricted
fund
F
INCOME AND ENDOWMENTS FROM
Donations and legacies 10,913,068
Investment income 57 744
Total 10970512
EXPENDITURE ON
Raising funds 8,846
10. COMPARATIVES
FOR THE STATEMENT OF FINANCIAL		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL		 ACTIVITIES - continued
Unrestricted
fund
E
Charitable
activities
Grant making 1,180,844
Total 1 189690
Net gains on investments 739 145
NET INCOME 10,520,267
RECONCILIATION
OF FUNDS
Total funds brought
forward		 (512,107)
TOTAL FUNDS CARRIED FORWARD 10008 160
11, FIXEDASSET INVESTMENTS
Listed
investments
F
NIARKET VALUE
At 1 January 2022
Additions		 8,387,050
120,628
Unrealised
gains/(losses)		 ~1086,669)
At 31 December 2022 7422009
NET BOOK VALUE
At 31 December 2022 7 422 DD9
At 31 December 2021 8387050
There were no investment assets outside the UK.
12. DEBTORS: AMOUNTS DEBTORS: AMOUNTS DEBTORS: AMOUNTS FALLING FALLING DUE WITHIN ONE YEAR DUE WITHIN ONE YEAR
2022 2021
E
Prepayments ~8444 875
13, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Trade creditors 14,497
Grants payable 299,422 250,000
Accrued expenses 23 843 11,581
337762 261 581
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
E
Grants payable ~49 422
15. MOVEMENT IN FUNDS
Net
movement At
At 1.1.22 in funds 31.12.22
E F
Unrestricted funds
General fund 10,008,160 407,249 10,415,409
TOTAL FUNDS 10008 160 407 249 10415409
Net movement in funds, included in the above are as follows;
Incoming Resources Gains and Movement
resources expended losses in funds
E E E
Unrestricted funds
General fund 2,431,068 (938,150j (1,085,669j 407,249
TOTAL FUNDS 2 431 068 ~938150) ~1085669) 407 249

Compar atives for movement
in fund		 s
Net
movement At
At 1,1,21 in funds 31,12,21
F E
Unrestricted funds
General fund (512,107) 10,520,267 10,008,160
TOTAL FUNDS ~512107) 1052D 267 10 DDB 160
Compara tive net movement
in f		 unds,
included
in the abo		 ve are as follows:
Incoming Resources Gains and Movement
resoul ces expended losses in funds
F F F
Unrestricted funds
General fund 10,970,812 (1,189,690) 739,145 10,520,267
TOTAL FUNDS 10970,812 ~1,189690) 739145 10520 267
A curren t yea r 12 months
and prior yea		 r 12 months
combined
position
is		 as follows:
Net
movement At
At 1,1,21 in funds 31,12.22
f. E
Unrestricted funds
General fund (512,107) 10,927,516 10,415,409
TOTAL FUNDS ~512107) 10927,516 1D4154D9
above a re as follows:
Incoming Resources Gains and Movement
resoulces expended losses in funds
E E E
Unrestricted funds
General fund 13,401,880 (2,127,840) (346,524) 10,927,516
TOTAL FUNDS 13,401,880 ~2, 127,840) ~346 524) 10,927516

2022 2021
E E
INCOME AND ENDOWMENTS
Donations
and legacies
Gifted investments 120,628 7,651,583
Donations 2 206 625 3261 485
2,327,253 10,913,068
Investment
income
Dividends
received		 103,254 57,744
Deposit account interest 561
103815 57 744
Total incoming
resources		 2,431,068 10,970,812
EXPENDITURE
Investment
related costs
Investment
custodian		 fee 24,288 8,846
Tax at source 22 530
46,818 8,846
Charitable
activities
Grants to institutions 1,099,278 1,156,112
Supportcosts
Governance
costs
Auditors'
remuneration		 6,750 6,930
Bank Charges 1,540 1,442
Unrealised
Forex gain		 (246,978) (25,412)
Accountancy
and legal fees		 29,767 32,742
IT Costs 975 9 03D
~2D7 946) 24,732
Total resources
expended		 938 150 1 189690
Net income before gains and losses 1,492,918 9,781,122
Realised recognised gains and losses
Unrealised
gains/(losses)		 (1,085,669) 785,077
Realised Losses on Fixed Asset Investments (45,935)
Net income 407 249 10,520 267