British Charity Fund - Berne
Financial Statement
Charity Fund Accounts 2022
as at 31.12.2022
Accounts
Account Description
Balance
CHF
Opening
CHF
BALANCE SHEET
ASSETS
1000 Cash
1020 Bank current account BEKB
1030 Securities account (Money-Net)
1050 Securities valuation
1060 Conversion transit cash
1070 Provisions at year-end
1100 Change in Securities Portfolio
1150 Withholding tax to be recovered
TOTAL ASSETS
205,142.00
3,594.50
100,838.38
192,969.27
1,014,950.40 1,008,223.10
50,560.05
-94,798.40
10,805.65
10,743.06
1,382,296.48 1,120,731.53
LIABILITIES
2000 Agreed payments not yet disbursed
2400 Treasurer for payments made
2410 Expense Payments due
2900 Brought forward profit or loss
2950 Capital Value of Fund
Profit (-) or loss(+) of the current year
TOTAL LIABILITIES
1,746.55
-1,120,731.53 -1,122,478,08
-261,564.95
-1,382,296.48 -1,120,731.53
Difference in accounts
INCOME & EXPENSE STATEMENT
EXPENSE
3000 Loss on valuation / disposal of investments
3100 Bank and current account charges
3120 Courtage and Taxes
3130 Stamp duty
3140 Safekeeping fees
3200 Payments to individuals
3300 Payments to other Organizations
3500 Trustees, expenses ( Meetings)
3510 Trustees, expenses for recipients
3800 Mis￿lIaneOUS expenses
3900 Excess of Income over Expense at year-end
TOTAL EXPENSES
107.70
923.90
143.70
2,535.55
56,912.60
833.00
364.80
61,821.25
INCOME
4000 Profit on valuation / disposal of investments
4100 Dividends and assimilated income
4150 Accrued interest at year-end
4300 Bank interest
4500 Repayment of disbursements
4800 Donations
4900 Excess of Expense over Income at year-end
TOTAL INCOME
-903.00
-32,825.30
-289,657.90
-323,386.20
Excess(-) Deficit(+) from Income & Expense Statement
-261,564.95

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British Charity Fund - Berne
Financial year 2022
Financial Statements
Our portfolio was greatly changed in 2022. On the one hand the stock market
suffered a serious pull-back and on the other we received a very generous donation
from Mr. and Mrs. Cook. Capital value at year-end was CHF 1,382,270.23
compared with the opening balance of CHF 1,120,731.53.
However, the value of our investment portfolio, which started the year at
CHF 1,008,223 and ended at CHF 1,014,950 actually lost 12.53 % after taking
account of stock transactions (net purchases 152,116).
Investments
Our cash position increased massively with that donation from the Cooks of
CHF 292,240 (after deducting expenses).
We continued to extend our portfolio, investing in Lonza, Schindler and Straumann
but disposing of Adecco and Clariant. We also substantially increased our holding in
Roche as well as minor increases in other holdings.
2022 was generally a weak year for the stock market. The SMI was down 16.67 %
and the SLI down 20.72 %
Income from Investments
The yield on our investments was 3.19 % at CHF 32,825 very similar to 2021 in real
terms but down in percentage terms. Due to our increased capital the total return was
2.72 %, down from 2.98% in 2021.
Payments
Here we managed a record! We gave away CHF 56,912n (against dividend income
of 32,825). While continuing to support three from last year (we did not give any more
help to Ms. Nibagwire - who unfortunately died in November). You can see who we
supported from the extract of account 3200 (attached).
Account status
At year end our current account stood at CHF 205,116 and our investment account at
CHF 100,838. These two cash accounts made up just over 23 % of our total capital.
This is to be ascribed to the unwelcoming investment situation just at a time when we
had new funds available.

British Charity Fund, Berne
Audit Report for the Financial Year 2022
I have examined the accounts submitted by your Treasurer, Nigel Coombs, in accordance with
the mandate given to me.
I carried out the audit between 26 February and 6 March 2023 and found the accounts to be
kept in an orderly and accurate fashion. All the documents required for my review were
produced.
The accounts show income of Fr 323,386.20 and expenditure of Fr 61,847.50, resulting in an
excess of Fr 261,538.70, and increasing the capital value of the fund to Fr 1,382,270.23.
I can confirni that the Treasurer's Report, taken in conjunction with the Financial Statements
printed out from the Banana accounting system represent a fair and accurate picture of the
Fund's position at the end of 2022.
I accordingly recommend that the Trustees accept the accounts as presented and that the
Treasurer be thanked for the work he has done.
Hector Davie
I l April 2023