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|`TRUSTEES ANNUAL REPORT`||
|---|---|
|`FOR THE YEAR ENDED 5th APRIL 2025`||
|`REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY`||
|`Principal Address`|`114 School Lane, Bushey, Hertfordshire WD23 1BX`|
|`Governing Document:`|`Memorandum and Articles of Association`|
|`Constitution:`|`Charity was established by a Charity Commissioners Scheme`|
||`dated 14th May 1992 in England and Wales`|
|`Charity registration number:`|`218259`|
|`Trustees:`|`Don. Lorenzo Giovene di Girasole`|
||`Dr Gino Amato`|
||`Mr Peter Capella`|
||`Mr Luigi Lavarini (Chairman)`|
||`The Hon. Olga Polizzi CBE`|
||`Mr Marco Evans`|
||`Ms Daniela Manzi`|
|`Officers`|`Mrs Caterina Ferro`|
|`TRUST ADVISORS`||
|`The Trust's advisors during the year were:-`||
|`Bankers`|`HSBC`|
||`149 Rushey Green`|
||`Catford`|
||`London SE6 4BQ`|
|`Investment Advisors:-`|`Rathbones incorporating Investec Wealth and Investment (UK)`|
||`30 Gresham Street`|
||`London, EC2V 7QN`|
||`Charles Stanley Pan Asset`|
||`55 Bishopsgate`|
||`London EC2N 3AS`|
|`Auditors:-`|`Winter & Co.,`|
||`Melbury House,`|
||`34 Southborough Road,`|
||`Bickley, Bromley,`|
||`Kent, BR1 2EB`|





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A>Jl1.
BR12E8

ITALIAN MEDICAL CHARI
cmrtty Nwnb•r 218269
8TATEMENT OF FINANCIAL ACTNITIVd
FOR THE YEAR ENDeD 8th APRIL 2025
2020
2024
INCOME AND EXPENDITURE
Incomlng R￿OUr¢
Dlvklends. IN)nds 0fKI olher
ncom•
76,827
72,257
Donallons
Investmont Income
288
254
Tol•l In¢omlng rn•our￿l
77.115
72.511
R••our¢•• •xp•nd•d
ChartIa￿a oxp•ndStur•
83,720
71,377
other
Totsl rn•ouvc•• •xp•nd•d
s&e
93.534
81,425
N•1 Incom•l(•xp•ndliurn) b•forn Inv••ln*•rt
galn•lllo•MI)
(16,419)
(8,9141
Not 981n￿￿oIsO$) on Inv•stm•nts
(178.280)
184,844
N•t lncom•ll•xp•ndl￿r•
(194,899)
175,730
N•t mov•m•nt In fund•
(194.899)
175.730
Tt)tal fund• unrn¥lrl¢t•d brought forward
3,$40,380
3.384,630
Total fund• unr••trlct•d canl•d forvAnl
Total r•cognlMd galn• and IoM••
Tho statement ol Ilnandal athlties Incorpornl•s tho Incomo afMI oxpondlturn a¢xounl.
The reguKs for the year dedv¢ from contlnulNJ adlvlt•s and thern ar• no other galns or10s8•8 Oth•r
thon those •ho*m abovo.

ITAUAN MEDICAL CHARITY
Charfty Numb•r 218269
STATEMENT OF FINANCIAL POSITION
A8 AT 5th APRIL 2026
2026
2024
Notes
Flx•d A•••ts
Tanglble a$8&ts
Invesiments
8,500
3.3(K8.096
3.314,Sg8
8.SiX)
3,488,150
3,498,850
Curr•rrt A•Mts
Deblors
Cish at 8•nk and In H•nd
10
37,789
37.789
47.225
47,225
Credrtors.. amount8 falllng due ￿￿thIn on•
11
N•t currnnl a•••t•l1ll￿IIIt1•$)
31,065
43,710
Total n•t a•••ts or Il•blltth•
Fund•
Unr¢strf¢t•d fundi
Total Ch•rfty Fund•
2&15
The89 8CWunts hav• t*en preperth1 In 4CcOr(lan￿ wfth tho provlslons appllcablo to small comp•nles
subjeca to lh• Jmall ¢ompanl¢s reglme FRS 102 SORP.
Approved by th• Board of Tntsle¢J on
aThl *n*l on Its boh•lf by
Trust08
Page 6

•WW4• UK R•wfth ￿ Ir•W (FR8 102) •)d 2011.
tr• ¢￿1￿• •bHlrf to ctffllknu•.
2 A¢CUIAJLATIDFUKI

ITAUAN MEDICAL CHARITY
¢h•rlty Numb•r 218269
NOTES TO THE FINANCIAL STATEMENT3
FOR THE YEAR ENDED 6th APRIL 2026
2025
2024
4 CO8T8 OF ACTNITIE8 IN FURTHEIIANCE OF
THE CHARifr8 OBJECT8
Grants
83.720
83.720
The sums gr8rrted lo both Indfvkluals and charltablo In#ttutlons aro as lollrtAB'.
R•cbpl•nl
2025
2014
Bavotta
Evan8
DI B•ll•
Plomiarlnl
VIIIA Scal•brfnl
Fln•ldl
Neechl
Llset
Sophli Qulnl•r8111
6qulll•do
Conn•lly
08kl8bh School
Luca Paonota
Spr6ad Your Vllrw L V8lnell8
PrOvIden￿ row medlcal hLtb
2,IXIO
2,700
700
640
50.000
907
2.430
10.000
10,OCK+
10.000
O OThER CO8T8
Govomance
Admlnlstratlon lees
Audll (note 13)
COmp￿eT costs
Po8ta98
Bank cha
Deprnclatlon
2025
2024
7,200
1.880
512
1.930
424
9.814
Pale 8

ITALIAN MEDICAL c￿lARITy
Cmrfty Numb•r 218209
NOTE8 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED fjlh APRIL 2025
8 TRU8TEE8 EXPEN8E8
Th• Trust8•s rne￿Ived £nll {2024 £nll) ty way ol •xpen8•5 durlrYJ tho ￿ar.
The Trustees dld not (e¢elve any rnmunerntlon or r•c•1v￿1 any benefft In the
y•*f. Nor dld they In the wevlous y•ar.
7 NET OAIN8 L085É8 ON INVESTMENT8
2026
2024
GOIn￿(lO$s•s) on Inv•*m•nts dwo*l In the yeAr
G8lnsl(1088es) on rovaluation of Invesiments
InvoStm•nt managèmem (eo*S)
1(KJ.779
{253.382)
Q5,89T)
111.450
97,477
(24.283)
178.280
a TANGIBLE FIXED A88ET8
Pl¢￿T••
Equlpm•nt
Cost or v•luatlon
As It ettt Aprtl 2024
1,874
10,174
*4 It Slh Aprtl 2025
Accurnulot•d depred•tk)n ArKI ImpAlrm•nlS
At 8th Ap￿1 2024
Depreclatlon
Ai 5th Awll 2025
1,674
1.874
N•t twk valu88
Al 5th Awll 2025
Not book v•lues
At 5th Aprll 2024
Page 9

ITAUAN MEIXCAL CHARITY
Chrtty N￿b•1 218219
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED th APRIL 2028
Ch•r
Comblnod
g INVE8TMEpif ASSEYS
Tolol
Quotsd inv¢Jlm•nl8
Corr￿￿ at 6th 2024
919,301
2,568,841
3,488.150
(209,759)
1717,961)
(927,720)
Add..
228.925
682,297
911,222
N•t Vo•sesyg•wM on
r•vakMli¢r¢ al 5th 2025
129.548)
(136.008)
(165,558)
Confvy •t 5th 2ff25
908.919
2,397 177
cogt of at 5th Pwl 2025
851.282
2.489.438
Hl)toricd M•t of at 5th W 2￿24
784,669
2,56S 478
3 350 147
5th 2025 betr￿0n fiJKIJ
UK eqLthI & Fun
80.089
531265
194,rJ7
205,¥25
1,846,408
183,672
105,321
5S,511
5,417
2e8,014
2,177.673
377,909
105,321
92,360
5,417
281402
UK Fixed Dnd vari•ble htar••t
Ch4•[￿a0 Fix¢d tirt¢r¢
Property
Ca•h
Tot•1
908,919
2,397,177
on a recognkn•d •toek extharye. The trNe8tm•rts •r• •1 held to mah a retsjn
for th• ¢harity.
10 CA8H AT W4K *J4D IN HAND
>)25
2024
10,939
15,777
32,039
10,649
Ch•rt•s Stth•y C*•h D•podts
HSBC Bank Ac¢tyJnts
37,789
47,225
Pag• 10

ITALIAN MEDICAL CHARITY
Charlty Numb•r 218269
NOTE8 TO THE FINANCIAL 8TATEMENT8
FOR THE YEAR ENDED 6th APRIL 2020
11 CREDITOR8 AND ACCRUAL3
2026
2024
Acernils
Invo8tmont man•pgrn e41s1
1,920
4,804
6,724
3,515
12 CONTINGENT UABIUTIE8
The Tn4$106s congldor tho Chartty not to h4ve any conllnpnl Ilab61Mi•s.
13 AUDITOR8, REMUNERATION
Tho leos ¢hary¢d lor audll seNl¢o3 amount￿ lo £1,930 (2024- £1,880). Amounts
chow•d In th• ye•f w•r• in the follThlThJ yoar.
14 ReLATED PAR TY TRAN8ACnON8
Th•r• have b￿7 no rol•tod party trnnsKllon$ kn tho rnportlNJ p•rt(xl thil fequbrn d18c4osurn.
16 STATEMENT OF MOVEMENT ON STATEMENT OF FINANCIAL ACTMTre8
8tst•m•ffl 01
Fln•nclil
A¢tlvltl
B•l•ne• at 8 WI 2024
Retalned (dellcwlsuiplus for tho ymr
3,540,380
{194.899)
Bilane• at 5 Awll 2025
Page 11