THE ANGLO-SWEDISH LITERARY FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 21 MARCH 2023 THE ANGLO-SWEDISH LITERARY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 21 MARCH 2023 ANNUAL REPORT OF THE TRUSTEES The Trustees presenl Iheir report and the indepéndenlly examined accounts for thé year ended 21 March 2023. Legal and administrative information The Anglo-swedish Literary Foundation is a registered charily no. 230622. The principal address ol the Charily is 11 MDnlagu Place, Londpn, IN1 H 2AL. The Charily is governed by 8 Deed ol TrLssI dated 21 March 1927. The Charily Trustees who served during the year were.. P, Lundberg Iresioned 12 December 20231 A. Theander M. Kumlin Granil (resigned 7 February 20241 L. E. J. Georgsson lappoinled 12 December 20231 L. S. Gullgren lappoinled 7 Februaiy 20241 The Trustees can apF)oinl new Truslees. Accountant5 Wilder Coe Ltd 151 Floor Sackville House 143-149 Fen¢hurch Street Londo EC3M 6BL Bankers & Investment Advisers Invesler. Wealth and Invesltllenl 2 Gresham Slieel London EC2V 7PQ Handelsbanken 3rd Floor. 86 Jermyn Slrepl London SW1Y 6JD Objectives and activities The objects ol the Charity 8re the encouragemenl of cultural intercourse between Sweden and the British Islands Ihiough the promolion and ditfusion ol knowledge and appre¢ialion ol Ihe literature and art ol Sweden in the Brilisli Islands Oryanisation The Cherily is administered from ils piincipal office and does not have connections with any olhef oiganisalions other than by receiving donations Irom or making donations lo them, The Charity's Trustees are responsible lor the preparation of the acrounls. THE ANGLO-SWEDISH LITERARY FOUNDATIO TRUSTEES, REPORT FOR THE YEAFI ENDED 21 MARCH 2023 Reserves pollcy The Charity maintains Ils funds 318 levpl sufficienl to meet its expenses. Review ol progress and achlevements The Charily discharged its lunetions 581151adorily In relation lo Its objects. Review of financial statements and aflahrs The Charily conlinLied lo re¢eiv8 income from it5 investment portfolio, man8qed by Inve51ett. Purchases ol Equities al a cosl ol £95,443 (2022.. £48,075) Were made th¢ yeai. Disposals of Equilie5 81 original cosl of £85,676 (2022. £41,598) were made in the year The profit on the8e disposals w25 E16.15812022.' £20. 835). The overall value ol the investments h8ld by the Charily h2s decreased due lo the downturn iri market condilions dliring Ihe yeai. This has resulled in a loss on revalualion of £40,794 12022.. £6,683) which has been recognised In the Receipts and Paymenl Account. 11 is the expeclalion of the Trustees thal Ihc value ol Inveslmenls held will continue lo flucluate with the global market. A.Th ander, Truslee Dale". On behall ol Ihe board l Twstees **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE ANGLO-SWEDISH LITERARY FOUNDATION CHARITY** I report to the trustees on my examination of the accounts of The Anglo-Swedish Literary Foundation (“the Charity”) for the year ended 21 March 2023 which comprises the Summary of Receipts and Payments, the Statement of Assets and Liabilities and related notes. This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and basis of report** As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no audit opinion on the accounts and my report is limited to those specific matters set out in the independent examiner’s statement. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with these records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. …………………………………….. Independent Examiner’s Name: Relevant professional qualification or body: Name of firm: Address: Charlotte Willmore BFP ACA ICAEW Wilder Coe Ltd 1[st] Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL Date: …………………………… 22 May 2024 3 THE ANGLOSWEDISH LITERARY Fouf4DATION RECEIPTS ANO PAYMENT ACCOUNT FOR THE YEAR ENDEO 21 MARCH 2023 Unrestricttsd Funds 2023 UnroslriGled Funcls 2022 RECEIPTS InveslThtrnl income Gain on disposal of invttlmenls aank interesl 8,985 16,158 116 20.835 25,259 27,246 PAYMENTS Grants. don81ians and tran51ai￿n Accounlancy Fund management chaiges Sufidry Lo55 on the ￿ValuatiOn ol Inveslmeiils 8,7DO 2.160 4,572 1,507 40.794 9,822 4.200 4.059 6DII 6.683 Note 2 157,7331 25,372 (EXCESS PAYMENTS OVER RECIEPTSI I RECIEPTS OVER PAYMENTS 132,4741 1,8T4 These finafjGial stater￿n18 have bepn prepared on a reGBipl8 and payments ba51S THE ANGLO-SWEDISH LITERARY FOUNDATION STA TEMENT OF ASSETS & LIABILITIES AS AT 21 MARCH 2023 2023 2022 INVESTMENTS Notp 1 373,260 404,287 CURRENT ASSETS Cash al bank NET CURRENT ASSETS 4,334 5. 781 4,334 5, 781 NET ASSETS 377,694 410,068 REPRESENTEO BY.. CHARITY FUNDS LJiire511iLled Funds Balance brought lorwaid 410,068 408, 194 Excess ol Ipayment8 over reciepls) I reciep15 OV8r payments 132,4741 1,874 37F,594 410.068 A The2nder Date.. THE ANGLO.SWEDISH LITERARY FOUNDATION NOTES TO THE ACCOUNTS NOTE I -.INVESTMENTS Markcl Valuo 8122 ma￿1? 2022 AdditlDllS Disposals Loss or) revaluation of investmen15 Market Value at 21 March 2023 404,261 95,443 185,6761 140,794 373,260 NOTE 2 - INVESTMENTS VALUATION Inwe51menls have been recognised in the financial slalemenls al £373,260, which represenls Ihe Truslees, best estimate ol the market value ol inveslmenls as al 21 March 2023, in accordance wilh paragraph 10.44 of Ihe SORP. This estimate is based r)n the market valuation provided by Ihe charily's independenl investTnenl management company, Inve51ec. as a15 April 2023. The overall value ol the inveslmeiils held by the GhaTlty has decreased due lo the recent downturn in markel conditions during the year. This hds resulted in a Ios5 on revaluation of £40,794 whith has been rec.ognised In Ihe Receipls and Paymcnl Account. It is Ihe expectation of the Trustees Ihal the value af inveslmen15 held will continue lo Ilucluale with the global iiiarket.