| € | ||||
|---|---|---|---|---|
| 2024 | ||||
| Permanent | Unrestricted | |||
| Endowment | Funds | Total | 2023 | |
| Incoming resowces | ||||
| Incoine from UK Investments portfolio | 57428 | 57,128 | 2,883 | |
| Interest on long term investments in Italy | 1,491 | 1,491 | 2,214 | |
| Gains on investments | 317,625 | 317,625 | 256,282 | |
| Other incoming resources | - | |||
| Total Incoming resources | 376,244 | 376,244 | 261,289 | |
| Resources expended | ||||
| Charitable activities | (7,032) | (7,032) | (3,900) | |
| Governance costs | (5,884) | (5,884) | (4,311) | |
| Losses on investments | (11,844) | (11,844) | (13,655) | |
| Other resource expended | (4,950) | (4,950) | (4,950) | |
| Total resources expended | (29,710) | (29,710) | (26,816) | |
| Net incoming/outgoing resources | 346,534 | 346,534 | 234,473 | |
| Other recognised gains/losses | ||||
| Other recognised gains/losses | ||||
| Net movement in funds | 346,534 | 346,534 | 234,473 | |
| Reconciliation of Funds | ||||
| Total funds brought forward | 641,269 | 2,061,287 | 2,061,287 | 2,468,083 |
| Total funds carried forward | 641,269 | 2,407,821 | 3,049,090 | 2,702,556 |
| € | € | |
|---|---|---|
| 2024 | 2023 | |
| Long terni investments | ||
| UK Investments portfolio | 2,377,396 | 2,043,319 |
| Italy Investments portfolio | 664.497 | 651,130 |
| Total long-term investments | 3,041,893 | 2,694,449 |
| Bank and cash | 12,147 | 13,057 |
| Accrued interest | ||
| Total assets | 3,054,040 | 2,707,506 |
| Accrued expenses | (4,950) | (4,950) |
| Net assets | 3,049,090 | 2,702,556 |
| Represented by: | ||
| 641,269 | ||
| Permanent Endowment | 641,269 | |
| Unrestricted Funds | 2,407,821 | 2,061,287 |
| Institutional Trust Fund | 3,049,090 | 2,702,556 |
| € | € | € | |
|---|---|---|---|
| 2024 | 2023 | Change | |
| Net income/loss fon thè year | 346,534 | 234,472 | 112,061 |
| Adjustment for: | |||
| - Movements in receivables and payables | |||
| Decrease/fincrease) in accrued interest | - | - | - |
| Increase/(decrease) in accrued expenses | - | - | |
| Net cash generateci by operations | 346,534 | 234,472 | 112,061 |
| (Gains)/losses on investments | (356,294) | (236,627) | (119,667) |
| (Purchase)/Sale on long terni investment | 8,850 | 6,105 | 2,745 |
| Total net cash inflow/(outflow) | (910) | 3,951 | (4,861) |
| Cash at 1 January | 13,057 | 9,106 | 3,951 |
| Cash at 31 December _____ |
12,147 | 13,057 | (910) |
| Euro | Euro | |
|---|---|---|
| 2024 | 2023 | |
| Cash | 18,067 | 21,249 |
| Bond | 828,002 | 753,735 |
| Equities | 1,436,106 | 1,166,665 |
| Property | 95,221 | 101,670 |
| Alternative | - | - |
| Total | 2,377,396 | 2,043,319 |
| The following figure shows thè net movement in UK portfolio for | thè year ending 31 December 2024: |
|---|---|
| UK Portfolio | € |
| Carrying value as of 31.12.2023: | 2,043,319 |
| Additions/capitalised net interests: | 46,476 |
| Transfer: | |
| Gains on disposals: | 287,601 |
| Losses on investments: | |
| Carrying value as of 31.12.2024: | 2,377,396 |
| ITALIAN PORTFOLIO | EURO | ||
|---|---|---|---|
| 2024 | 2023 | Change | |
| Eurizon Profilo Difesa II | 241,315 | 291,359 | (50,044) |
| Eurizon Flex Equilibrio 07/24A | - | 109,184 | (109,184) |
| Eurizon E DEE TOP SEL 07/24 | - | 89,231 | (89,231) |
| Eurizon Flex Crescita 07/24A | - | 30,234 | (30,234) |
| Eurizon Thematic Opp. ESG50 07/26A | 38,946 | 36,401 | 2,545 |
| Eurizon diversified | 101,794 | 94,722 | 7,072 |
| Eurizon Profilo Fles | 205,556 | - | 205,556 |
| Eurizon Diversified 070 | 26,059 | 26,059 | |
| Eurizon Opportunità | 50,827 | - | 50,827 |
| Total | **664,497 ** | 651,130 | 13,367 |
| Italian Portfolio | € |
|---|---|
| Carrying value as of 31.12.2023: | 651,130 |
| Additions: | 280,177 |
| Disposate: | (289,027) |
| boss on disposate: | |
| Revaluation (Impairment): | 22,217 |
| Carrying value as of 31.12.2024: | 664,497 |
| Euro | 2024 | 2023 |
|---|---|---|
| Income from U.K. investments | 57,128 | 2,883 |
| portfolio | ||
| Interest on long term investments | 1,491 | 2,124 |
| in Italy | ||
| Other incoming resources | - | - |
| Gains on investments | 317,625 | 256,282 |
| Total incoming resources | 376,244 | 261,289 |
| Euro | 2024 | 2023 |
|---|---|---|
| Charitable activities | 7,032 | 3,900 |
| Audit fees | 4,057 | 4,057 |
| Non-recoverable VAT | 893 | 893 |
| Losses on investments | 11,844 | 13,655 |
| Governance costs | 5,884 | 4,3H |
| Total resources expended | 29,710 | 26,816 |