THE BRITISH ITALIAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 Registsred Charity No. 253386 Index Page SNJnffjcant Inlormation Tr￿￿ee$ Re Independent Examiner5 Rek Receipts and Payments ststemenl ofAssets and Liabilities THE BRMSH fYALIAN SOCIETY SIGNIFICANT INFORMATION T?e qocieb/ was founded in 1941 and owrates under its constitution and rules adopted 10 July 1967 as Imendeij 25 July 1979, 30 June 2009 and 9 June 2010, in order lo increase the knov41edge and undefsl3nding 11-: :.he United Kingdom of Iralian culture in I:.s widest sense, in Lerms of history, institutions. way of life. langaage 8lld Gonlribution to ciwlisation. The Charity Registration Nurnber is 253386. PATRON HE The Italian Ambassador Inigo Lambertini PRESIDENT The Mrs Olga Polizi CBE •4 HONORARY DIRECTOR Mrs Susan Kikder OFFICERS Chairman". Mr Richard Northern Vice Chaimien Miss Sidiey Ross Mr Eugenio Bosco -, &asurer'. Mrs Silvia Piereth. Malim TRUSTEES Mr Richard Northern Mrs fina Villarosa Miss Sidney Ross Mrs Sifv,'a Pieretti Malim Mr Eugenio 8osco Ms Silvia Badial.. Prof Jane Everson Ir5 Mapia Beatrice Pan Fvenls and Membership seC￿lary.. Ms Rhuna Barduagni ADVISERS Bankers.. Barclays 8ank PIC London CorrK)rale Banking Independenr Examin8r' Luca Marin 20 Fitzroy Square London W1T6EJ PRINCIPAL OFFICE: 86-90 Paul Street London EC2A4NE I RLISTEES, RESPONSIBILrrY FOR THEACCOUNTS Lkarity law reqtjires the Trustees of the Stxiety to ￿pare a receits and paymep.ts account and a s'iatemenl 7 assets and liabilitiès for each finanryal year. In *dition, the Trustees are respons..ble for keeping proper accounting records w￿jiCh are sufficient to show and explain the charity's transactions and to disclose iyith reasonable accuracy at any lime the financial wsitM)n of the S￿ety. fhey are also responsible for safeguardii)5 -.*e assets of the charity an¢ hence for taking reasoftab￿ steps for the pievention and detection Df fraud aiicl otaer :.rregularities. Ttte trustees have cornplied wit￿, tre duly in section 17 of the Char￿.eS Act 2011 to laJè iegard lo public benefit guidan￿ published by Ihe COMMI￿on. Page 1 THE BRMSH ITALIAN SOCIET TRUSTEES REPORT The Trustees present their reFN)rt and ac￿Unts for the year endèd 31 March 2023. Aims and ObJe¢tiv•s The principal aims of the Soa'ety are: To increase knowwge and understanding in the Unrted Kingdom of all aspects of Italian culture and of the Italian way of life, including. wthout p￿ludi￿ to the generalty of the fore90ing, Italian history, literature. art rnusic. polit￿$. businéss, commerce. and the ltslian language. To disseminate knovAedge in those fields by means. inter alia. of lecttjres, publicab"ons. exhibib"ons, readings. ¢onTrrts and the like. To encourage and to work wth other individuals and organisab.ons wilh similar ob5￿tiveS, in particular by awarding of acadern￿ or cther prizes In the of Italian studies bioadly constrLied. lthere possible and praclitsl. to asstst ojmmunilies in need. whether by reasons of flood. earthquake, or other Calamit￿S whatsoever and whether in the Unrted Kingdom or Itaty The Trustees have had due regard to the Chanty Commiss•M's guidance on public benefft. Recruitment and appointmènt of T￿￿te¢S Trusteès arè recruited from the members of the tharity and are elected by the mern￿rs in General Meeting for a term of up to 3 years. Trustees are eligible for re*lection after expiry of their krm of appointment, but are not expected to seNe for more than 9 consecutive years. Activities during th• yéar The Society ran a fiJll Pfogramme of ￿t￿reS and events during the year. and funded several charitabl• donab'ons and acadern￿ prizes. in additt.on to publishing the annual Rivists magazine. The Society's Policies Policy on Incomè Res8rwe5 The Society's running costs usualty pr(x1uce a small annual deficiL whith 15 covered by rÈs8rves bu1￿ up through nd-raising events, and by ￿￿leS ￿ to the Scoety. tt is the Soiety's policy to preseThe these legapies as intact as possible. Policy on Selection of Investments The Society aims lo maintain thé inVeStn￿nts whth fom*d the greater part of the legattès bequested as a broadly-based pTrYolio of high-yieloing blue-chip equitses. exduding investrcents in tr)bacco companies. Pollcy on Grant Reciplents The Swiety donates fvnds in accordance with its ststed aims. nar￿ty. To increase knowledge and under5tsnding in the Unrted ￿ngdoffl of Itaty in all aspects, for exafflp￿ by fun¢Jing prvzes for graduates and undergraduates for essays to support Italk3n studies at Briti"sh and Irish unr¥erstties. To assist ¢)rganisatrolls or persons in need of support ft)r worthwhile cuttural initiatNes. or in need of help following major natural disasters or other ealarnib.es in Great Britain or Italy, by donating fiJnds for relief or tecovery. Trustee Date.. 1210912023 Page 2 THE BRMSH ITAUAN SOCIErY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISK ITAUA14 SOCIETY I reThcrt ?-. the a-aJniS OT Ihe 8ertL5h IlalEar. Sw*iy Icnarrty no 2S33Eel for the year end2d 31 March 2023. I￿.7 of2 OLL an pagès 4 to 5. RÈspoCtiv¢ fe$ponsibiEilies of Trustees and examiner The ctriari y s Trustees are respon$*4e fv-. the weparat￿n of the xc