|||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|||||
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##
|||||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|
##
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##
##
##
|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|