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||||**€**||
|---|---|---|---|---|
||||**2023**||
||**Permanent**|**Unrestricted**|||
||**Endowment**|**Funds**|**Total**|**2022**|
|**Incoming resources**|||||
|Income from UK Investments portfolio||2,883|2,883|10,032|
|Interest onlong term investments in Italy||2,124|2.214|2,516|
|Gainson investments||256,282|256,282|**-**|
|Other incoming resources|||||
|**Total Incoming resources**||**261,289**|**261,289**|**12,548**|
|**Resources expended**|||||
|Charitable activities||(3,900)|(3,900)|(4,000)|
|Governancecosts||(4,3H)|(4,3H)|(5,662)|
|Losses on investments||(13,655)|(13,655)|(461,526)|
|Other resource expended||(4,950)|(4,950)|(4,950)|
|**Total resources expended**||**(26,816)**|**(26,816)**|**(476,138)**|
|**Net incoming/outgoing resources**||**234,473**|**234,473**|**(463,590)**|
|**Other recognised gains/losses**|||||
|Other recognised gains/losses||||**-**|
|**Net movement in funds**||**234,473**|**234,473**|**(463,590)**|
|**Reconciliation of Funds**|||||
|Total funds brought forward|641,269|1,826,814|2,468,083|2,931,673|
|**Total funds carried forward**|**641,269**|**2,061,287**|**2,702,556**|**2,468,083**|





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||**€**|**€**|**€**|
|---|---|---|---|
||**2023**|**2022**|**Change**|
|**Net income/Ioss for thè year**|**234,472**|**(463,590)**|**698,062**|
|_Adjustment for:_||||
|_-_ Movements in receivables and payables||||
|Decrease/(increase) in accrued interest||||
|Increase/ (decrease) in accrued expenses|**-**|**-**|**-**|
|**Net cash generated by operations**|**234,472**|**(463,590)**|**698,063**|
|(Gains)/losses on investments|(236,627)|375,199|(611,826)|
|(Purchase)/Sale on long terni investment|6,105|86,295|(80,190)|
|**Total net cash inflow/(outflow)**|**3,951**|**(2,096)**|**6,047**|
|**Cash at 1 January**|9406|11,202|(2,096)|
|**Cash at 31 December**|**_______13,057_______**|**9,io6**|**3,951**|





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||**Euro**|**Euro**||||
|---|---|---|---|---|---|
||2023|2022||||
|Cash|21,249|50,295||||
|Bond|753,735|807,276||||
|Equities|1,166,665|971,694||||
|Property|101,670|-||||
|Alternative|-|-||||
|**Total**|2,043,319|1,829,265||||
||||7|di|10|





|**UIC Portfolio**|€|
|---|---|
|Carrying value as of 31.12.2022:|1,829,265|
|Additions/capitalised interests:|41,624|
|Transfer:||
|Gains on disposala :|172,430|
|Losses on investments:||
|Carrying value as of 31.12.2023:|**2,043,319**|



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|**ITALIAN PORTFOLIO**||**EURO**||
|---|---|---|---|
||**2023**|**2022**|**Change**|
|Eurizon Profilo Difesa II|291,359|66,924|224,435|
|Eurizon DifesaFlessibile 12/22|-|41,377|-41,377|
|Eurizon Flex Equilibrio 07/24A|109,184|103,341|5,843|
|Eurizon Top Selection Crescita 06/24A|-|106,566|-106,566|
|Eurizon E DEE TOP SEL 07/24|89,231|87,177|2,054|
|Eurizon Flex Crescita 07/24A|30,234|27,520|2,714|
|Eurizon Top Select 03/23A|-|94432|-94432|
|Eurizon Top select12/22A|-|75,371|-75,371|
|Eurizon Thematic Opp. ESG50 07/26A|36,401|32,254|4447|
|Eurizon diversified|94.722|-|94.7PP|
|**Total**|**651,130 **|**634,662**|**16,468**|





|**Italian Portfolio**|€|
|---|---|
|Carrying vaine as of 31.12.2023:|634,662|
|Additions:|311,897|
|Disposals:|(317,724)|
|Loss on disposals:||
|Revaluation (Impairment):|22,295|
|Carrying value as of 31.12.2023:|**651,130**|



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|**Euro**|**2023**|**2022**|
|---|---|---|
|Income from U.K. investments|2,883|10,032|
|portfolio|||
|Interest on long term investments|2,124|2,516|
|in Italy|||
|Other incoming resources|-|-|
|Gains on investments|256,282|-|
|**Total incoming resources**|**261,289**|**12,548**|



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|**Euro**|**2023**|**2022**|
|---|---|---|
|Charitable activities|3,900|4,000|
|Audit fees|4,057|4,057|
|Non-recoverable VAT|893|893|
|Losses on investments|13,655|461,526|
|Governance costs|4,3H|5,662|
|**Total resoui’ces expended**|**26,816**|**476,138**|



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