| € | |||||
|---|---|---|---|---|---|
| 2021 | |||||
| Permancnt | Unrestricted | ||||
| Endowment | Funds | Total | 2020 | ||
| Incoming rcsources | |||||
| Income from UK Investments poitfolio | - | 19,808 | 19,808 | 20,922 | |
| Interest onlong terni investments inItaly | 2,516 | 2.516 | 2,418 | ||
| Gainson investments | 283,661 | 283,661 | |||
| Other incoming resources | |||||
| Total Incoming resources | - | 305,985 | 305,985 | 23,340 | |
| Resources expended | |||||
| Charitableactivities | - | (5,400) | (5,400) | (3,200) | |
| Governance costs | (5,464) | (5,464) | (5,208) | ||
| Losses on investments | (151) | (151) | (24,749) | ||
| Other resource expended | (4,950) | (4.950) | (4,950) | ||
| Total resources expended | “ | (15,965) | (15,965) | (38,107) | |
| Net incoming/outgoing resources | - | 290,020 | 290,020 | (14,767) | |
| Other recognised gains/losses | |||||
| - | |||||
| Other recognised gains/losses | - | - | - | ||
| Net movement in funds | - | 290,020 | 290,020 | (14,767) | |
| Reconciliation of Funds | |||||
| Total funds brought forward | 641,269 | 2,000,384 | 2.641,653 | 2,656,420 | |
| Total funds carried forward | 641,269 | 2,290,404 | 2,931,673 | 2,641,653 |
| € | € | € | |
|---|---|---|---|
| 2021 | 2020 | Change | |
| Net income/(loss) for thè year | 290,020 | (14,767) | 304,787 |
| Adjustment for: | |||
| - Movements in receivablesand payables | |||
| Decrease/ (increase) in accrued interest | |||
| Increase/(decrease) in accrued expenses | |||
| Net cash generated by operations | 290,020 | (14,767) | 304,787 |
| Purchaseof long-term investments | (343,153) | - | (343,153) |
| Redemption/Sale on long terni investment | 59,992 | 4,938 | 55,054 |
| Total net cash inflow/(outflow) | 6,859 | (9,829) | 16,688 |
| Cash at1 January | 4,343 | 14,172 | (9,829) |
| Cash at31December | 11,202 | 4,34.3 | 6,859 |
| Euro | Euro | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Cash | 56,524 | 22,144 | |||
| Bond | 983,127 | 792,279 | |||
| Equities | 1,146,251 | 1,043,785 | |||
| Property | - | 13,899 | |||
| Alternative | - | 33,623 | |||
| Total | 2,185,902 | 1,905,730 | |||
| 7 | di | 10 |
| The following figure shows thè net movement in UK portfolio | for thè year ending 31 December 2021: |
|---|---|
| UK Portfolio | € |
| Carrying valueas of 31.12.2020: | 1,905,730 |
| Additions/capitalised interests: | 19,808 |
| Transfer: | - |
| Gains on disposala : | - |
| Exchange difference: | 260,364 |
| Carrying value as of 31.12.2021: | 2,185,902 |
| ITALIAN PORTFOLIO | EURO | ||
|---|---|---|---|
| 2021 | 2020 | Change | |
| Eurizon multiasset Equilibr 07/22A | 86,295 | 84,181 | 2,114 |
| Eurizon obblig 7/22A | - | 50,314 | (50,314) |
| EurizonDifesa Flessibile 12/22 | 44,770 | 45,928 | (1,158) |
| Eurizon FlexEquilibrio 07/24A | 123,316 | 120,824 | 2,491 |
| Eurizon Top Selection Crescita06/24A | 120,518 | 109,554 | 10,964 |
| Eurizon E DEFTOP SEL 07/24 | 96,300 | 96,420 | (121) |
| Eurizon Flex Crescita 07/24A | 35,307 | 33,689 | 1,617 |
| Eurizon Top Select 03/23A | 106,719 | 102,997 | 3,722 |
| Eurizon Top select 12/22A | 85,924 | 92,622 | (6,698) |
| Eurizon ThematicOpp. ESG50 07/26A | 40,371 | - | 40,371 |
| Total | 739,519 | 736,530 | 2,989 |
| Italian Portfolio | € |
|---|---|
| Carrying value as of 31.12.2020: | 736,530 |
| Additions: | 40,000 |
| Disposala : | (59,992) |
| Loss on disposala : | |
| Revaluation (Impairment): | 22,981 |
| Carrying value as of 31.12.2021: | 739,519 |
| Euro | 2021 | 2020 |
|---|---|---|
| Income from U.K. investments | 19,808 | 20,922 |
| portfolio | ||
| Interest on long terni investments | 2,516 | 2,418 |
| in Italy | ||
| Other incoming resources | - | - |
| Gains on investments | 283,661 | - |
| Total incoming resources | 305,985 | 23,340 |
| Euro | 2021 | 2020 |
|---|---|---|
| Charitable activities | 5,400 | 3,200 |
| Audit fees | 4,057 | 4,057 |
| Non-recoverable VAT | 893 | 893 |
| Losses on investments | 151 | 24,749 |
| Governance costs | 5,464 | 5,208 |
| Total resources expended | 15,965 | 38,107 |