Report
On the verification of the accounts for the financial year 2024 of British Charity Fund
in Berne
In accordance with the mandate entrusted to me, I have verified the accounting and annual accounts presented by the Treasurer for the financial year ended 31 December 2024.
After verification of bank accounts and other documents, I confirm that:
-
The balance sheet and accounts are consistent with the accounts.
-
Accurate accounting is maintained.
As a conclusion of this verification, I recommend that the accounts be approved as presented.
April 17, 2025:
Antonio Fappiano
Annexes:
Annual accounts 2024
| 2024 | 2023 | Diff | |
|---|---|---|---|
| British Charity Fund - Berne BALANCE SHEET ASSETS Cash Bank current account BEKB Securities account (Money-Net) Securities valuation Securities Portfolio Withholding tax to be recovered TOTAL ASSETS LIABILITIES Capital Value of Fund brought forward Profit (-) or loss(+) of the current year TOTAL LIABILITIES INCOME & EXPENSE STATEMENT EXPENSES Bank and current account charges Courtage and Taxes Stamp duty Safekeeping fees Payments to individuals Payments to other Organizations Trustees' expenses (Meetings) Trustees' expenses for recipients Miscellaneous expenses TOTAL EXPENSES INCOME Dividends and assimilated income Bank interest TOTAL INCOME Excess(-) Deficit(+) from Income & Expense Statement |
CHF | CHF | CHF |
| 72,808.43 141,264.92 -68,456.49 114,873.63 86,358.98 28,514.65 1,110,661.00 1,029,866.00 80,795.00 9,916.30 82,926.30 -73,010.00 13,111.99 12,210.90 901.09 |
|||
| 1,321,371.35 1,352,627.10 -31,255.75 |
|||
| -1,352,627.10 -1,382,297.63 29,670.53 31,255.75 29,670.53 1,585.22 |
|||
| -1,321,371.35 -1,352,627.10 31,255.75 |
|||
| 32.95 32.95 39.60 140.30 -100.70 5.84 22.75 -16.91 2,818.20 2,683.05 135.15 56,273.55 62,673.30 -6,399.75 11,000.00 11,000.00 986.65 619.08 367.57 77.40 458.90 -381.50 150.40 177.40 -27.00 |
|||
| 71,384.59 66,774.78 4,609.81 -40,024.16 -36,736.45 -3,287.71 -104.68 -367.80 263.12 |
|||
| -40,128.84 -37,104.25 -3,024.59 |
|||
| 31,255.75 29,670.53 1,585.22 |
British Charity Fund – Berne
Financial year 2024
Financial Statements
The loss for the year amounts to CHF 31,255.75 (2023: CHF 29,670.53) mainly due to the payments to individuals of CHF 56,273.55 and organisations (CHF 11,000.00) (2023: CHF 62,673.00) being greater than the dividend and bank interest income of CHF 40,128.84 (2023: CHF 37,104.25). No investments were sold during the year.
Cash on Hand
Cash on hand amounts to CHF 187,682.06 comprising a current account of CHF 72,808.43 and investment account of CHF 114,873.63 representing 14% of the total capital (2023: 17%).
Investments
Investments have been relatively stable during the year with just one additional investment amounting to CHF 7,785 for Nestle.
Income from investments
The yield on investments for 2024 was 3.4% at CHF 40,024 similar to the previous year at 3.6%.
Total return on capital amounts to 3.0% (2023: 2.8%) compared to the Swiss Market Index (SMI) return of 7.0% (2023: 7.1%).