## **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**|