THE ANGLO CHILEAN SOCIETY (Registered Charity N0. 212778) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
President H. E. The Ambassador: Vacant Vice-Presidents Baroness Hooper CMG,
The Earl of Dundonald Professor Dame Marcela Contreras, Professor Andres Velasco
Trustees Mrs Fiona Clouder - Chairman
Mr Robert Hart – Treasurer Mrs Magdalena Jones - Vice-Chairman Mrs Carmen Pearson Mr Claudio Duran Mrs Monica Volpin Mr Marcos Stuardo Mr Peter West Mrs Claudia Iglesias Mr Jose Ignacio Perez Mr Alasdair Grant Co-opted Ms Catalina Herrera Mrs Fabiana Jaramillo
Secretary to the Executive Committee : Mrs Carmen Pearson Membership Secretary and Online Content Manager : Mrs Monica Volpin.
Address 37-41 Old Queen Street, London, SW1H 9JA Independent Examiner
Bankers Lloyds TSB Bank PLC, 8 Waterloo Place, London, SW1Y 4BE
The Executive Committee
The Executive Committee, which is required by the constitution to meet at least twice a year, met 8 times, 2 of which were hybrid at the Embassy the rest being via Zoom. The chairman chaired all the meetings and average attendance was 9. At the year-end there were 11 elected members with two more co-opted.
Report on the year
This year has seen celebrations of 200 years of diplomatic and trade ties between UK and Chile and we have been pleased to work with both the Embassy of Chile in London and the UK Embassy in Chile. The Anglo Chilean Society though remains an independent and apolitical and areligious organisation. In the last year our activities have celebrated past, present and future Chile. Events have included a book launch about the writer, historian and politician Benjamin Vicuña MacKenna; a visit to the IMO (International Maritime Organisation) which includes a bust of Chile’s Piloto Pardo, pivotal in the rescue of Shackleton’s men from Antarctica; in partnership with several mining companies, a keynote conference with Aurora Williams, Chile’s Minister of Mining, highlighting the exciting future ahead for Chile with critical minerals and hydrogen energy; the dance excellence and creativity of the Ballet de Santiago; and archeoastronomy on Easter Island.
Through our charitable work projects supported include equipment to build up sewing and handicrafts in the community of Santa Juana, badly hit by Chile’s forest fires; art workshops for the elderly; science and energy workshops for young people; solar panels for the Rapa Nui Planetarium and Observatory; a biography of the Chilean footballer, George Robledo; a UK tour of Chilean music and musicians; a semi documentary on Concepción celebrating a myth of Pink Floyd; Chilean artists at both the London Design Biennale and the London Art Biennale; contribution to the launch of the award winning Chilean documentary ‘The Eternal Memory’ and the creation of stained glass memorial church windows on Rapa Nui.
As we enter our 80th year we will continue to further the objectives of the Society and hope you will join us in our events and activities.
The Accounts
Overall, General Funds’ income increased by some £11,500 compared with 2022. Key factors were inclusion of a donation, delayed from 2022, from one of our Mining Conference sponsors, additional and more generous sponsorship for the 2023 conference itself and the receipt of the major portion of
the funds raised by the sale of the art works so generously donated in 2022 by the Late Mrs Pola Mr Emanuel de Kadt. This additional income enabled us to make 11 grants with a grand total of over £26,000. Details are shown in the Notes to the Accounts. The generosity of our grant making resulted in a deficit of £3,340, reduced to £2,710 by the inclusion of the transfer for the management of the AME Fund.
AME income, which comes entirely from the endowed investment portfolio, was unchanged from last year at £6,300, but only two grants were made leaving a balance of £860 to carry over into 2024. The portfolio, book value £130,000, had a market value of £179,319 at the year-end. The society ended the year with total funds of £31,766.
Sponsors
The Society is particularly grateful to by Antofagasta PLC, Anglo American PLC, Rio Tinto PLC, London Metal Exchange, ME ELECMETAL and Teck for their support and thanks are due also to the Embassy for allowing the Society the use of office accommodation.
Statement of Trustees’ Responsibilities
The Trustees are responsible for the preparation of annual financial statements in a format that complies with the Charities Act 2011 and are required to:
-
Select suitable policies and then apply them consistently.
-
Make judgments and estimates that are reasonable and prudent.
-
Prepare accounts on the going concern basis unless the Trust will not continue in business.
-
State whether applicable accounting standards and recommended practice have been followed, subject to material departures noted in the Annual Report.
The Trustees are responsible for keeping proper accounting records disclosing with reasonable accuracy at any time the financial position and enabling them to ensure compliance with the Charities Act 2011. They are also responsible for safeguarding Trust assets and hence for taking reasonable steps to prevent or detect fraud and other irregularities.
The AGM will be at the Embassy on Wednesday, 6[th] March at 6pm.
Fiona Clouder
Fiona Clouder, Chairman
THE ANGLO CHILEAN SOCIETY
Registered Charity No. 212778 STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2023
| Note INCOMING RESOURCES Incoming resources from donors 3a Deposit and investment income Charitable & ancillary trading income 3b Total incoming resources RESOURCES USED Grants 4a Fund raising events and publications 3b Management and administration 4b Total resources used NET INCOMING RESOURCES FUNDS TRANSFER NET MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD BALANCES CARRIED FORWARD |
£ Unrestricted 7,430 63 25,540 |
2023 £ Restricted - 6,346 - |
£ Endowed 130,000 |
|---|---|---|---|
33,033 |
6,346 | ||
26,265 6,493 3,614 |
4,778 - - |
||
36,372 - 3,338 630 |
4,778 1,568 - 630 |
||
| - 2,708 32,653 |
938 883 |
||
29,945 |
1,821 | 130,000 |
| £ Total 7,430 6,409 25,540 |
2022 £ Total 5,615 6,319 15,991 |
|---|---|
39,379 |
27,925 |
31,042 6,493 3,614 |
8,901 10,099 1,904 |
41,149 - 1,770 - - 1,770 163,536 |
20,904 7,021 - 7,021 156,515 |
161,766 |
163,536 |
THE ANGLO CHILEAN SOCIETY BALANCE SHEET AT 31 DECEMBER 2023
| Note CURRENT ASSETS Investments 1a), b) Cash at bank National Savings Deposit Debtors Sub Total CURRENT LIABILITIES Creditors Subscriptions prepaid 1d) Sub Total NET CURRENT ASSETS NET ASSETS |
2023 £ 130,000 24,448 8,202 - 162,651 |
|
|---|---|---|
- 885 |
||
| 885 | ||
| 161,766 | ||
161,766 |
Approved by the Trustees on 29th January, 2024 and signed on their behalf by:
Fiona Clouder Chairrnan Robert Hart Treasurer
The NOTES form part of these accounts
2022
£
130,000 24,287 8,139 2,000 164,426 150 740 890 163,536 163,536
NOTES TO FINANCIAL STATEMENTS - YEAR TO 31 DECEMBER 2
1 ACCOUNTING POLICIES
a) Basis of accounting : The accounts are prepared on the historical cost basis, with accruals, and in accordance with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities (SORP 2005), UK Accounting Standards and the Charities Act 2011. b) Investments are at book value.
c) Fixed assets/Stocks : Fixed assets and stocks are written off on acquisition.
d) Prepaid subscriptions : Life memberships are brought to income at the rate of 10% pa.
e) Fund raising events : Income is shown gross, before relevant expenses.
2 FUNDS
In 2012 the Society received an endowment the income from which is restricted to certain purposes as determined by the terms of the gift - AME Fund.
| FUND MOVEMENTS - 2023 AME Endowment AME Income/expenditure General Funds Total 3 INCOMING RESOURCES in 2023 3a Incoming resources - donors Personal annual subs. Life subs. amortisation Commercial subscriptions Donations Tax recovery Total 3b Net Income from charitable trading Mining Conference Art Works Sale SUMIC Recital Rapa Nui Talk Total |
£ Opening 130,000 883 32,653 |
£ Incoming - 6,346 33,033 |
£ Outgoing - - 4,778 - 36,372 |
|---|---|---|---|
163,536 |
39,379 |
- 41,149 |
|
£ Unrestricted 3,925 205 200 2,008 1,092 |
2023 £ Restricted - - - - - |
£ Total 3,925 205 200 2,008 1,092 |
|
7,430 |
- | 7,430 |
|
£ Income 14,833 10,267 - 440 |
£ Expense 5,424 - 778 - |
£ Net 9,409 10,267 778 440 |
|
| 25,540 | 6,202 | 19,338 |
2023
| £ Transfer - 630 630 |
£ Closing 130,000 1,821 29,945 |
|---|---|
| - | 161,766 |
| 2022 £ Total 3,775 390 200 169 1,081 |
|
5,615 |
| NOTES TO FINANCIAL STATEMENTS - CONTINUED 4 RESOURCES USED 2023 4a Grants: £ AME Fund: Robledo Plaque Fiorella Angelini Chilean Canoeists ALAF Appeal SUBE Total Katherine Prado 320 Art Bienale - Seguel 2,035 Arias catalogue 500 SUMIC Recital Tour 1,500 Carlos Cid Recital 423 Total 4,778 Unrestricted General Fund: Escuela Gran Bretania Gente de la callle Total Fundacion Roger Vergara 1,535 Rapa Nui Observatory 6,035 Ong Nobeles 2,135 Santa Juana 3,035 Design Biennale 2,035 Robledo Biography 500 Cueca Dancers 2,455 Cromwell Place Gallery Exhibition 3,000 Santiago Ballet 2,500 Dogwoof - Eternal Memory Film 1,000 Rapa Nui Church Windows 2,035 Total 26,265 4b Management and administration: General office expenses 1,099 Financial Charges 278 Web site/Internet 1,805 Insurance 433 Total 3,614 |
NOTES TO FINANCIAL STATEMENTS - CONTINUED 4 RESOURCES USED 2023 4a Grants: £ AME Fund: Robledo Plaque Fiorella Angelini Chilean Canoeists ALAF Appeal SUBE Total Katherine Prado 320 Art Bienale - Seguel 2,035 Arias catalogue 500 SUMIC Recital Tour 1,500 Carlos Cid Recital 423 Total 4,778 Unrestricted General Fund: Escuela Gran Bretania Gente de la callle Total Fundacion Roger Vergara 1,535 Rapa Nui Observatory 6,035 Ong Nobeles 2,135 Santa Juana 3,035 Design Biennale 2,035 Robledo Biography 500 Cueca Dancers 2,455 Cromwell Place Gallery Exhibition 3,000 Santiago Ballet 2,500 Dogwoof - Eternal Memory Film 1,000 Rapa Nui Church Windows 2,035 Total 26,265 4b Management and administration: General office expenses 1,099 Financial Charges 278 Web site/Internet 1,805 Insurance 433 Total 3,614 |
2022 £ 500 1,100 670 1,500 2,035 |
|---|---|---|
5,805 |
||
1,567 1,529 |
||
| 4,778 | ||
1,535 6,035 2,135 3,035 2,035 500 2,455 3,000 2,500 1,000 2,035 |
||
3,096 |
||
811 283 412 398 |
||
26,265 |
||
1,099 278 1,805 433 |
||
| 3,614 | 1,904 |